The rent prices in real estate in Lorain, in the Ohio region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Lorain has fallen during the last 6 months. In July, the average price per sq.feet was $0.89. In the following month the price per sq.feet fell to $0.76. In the following two months the price per sq.feet has practically remained the same, going from $0.82 to $0.81 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $0.81 to $0.82 during November y December
When referring to the price in Lorain (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $640. In August This price remains at $667. In the following two months the average price has hardly changed with regard to the previous two months from $653.5 to $667. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $660.25 and $654.5 between November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $683 they are 17 % more affordable than the average price for Lorain . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $813.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.69 / sq.feet, with an average $0.8 / sq.feet price in Lorain. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.81 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $683 it is 17 % more affordable than the average price in Lorain. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Villa". At a price of $673 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.71 / sq.feet followed by "Apartment" priced at $0.82 / sq.feet. "Villa" is the most expensive type of property with a $9 / sq.feet value followed by "Apartment" with an average price of $0.82 / sq.feet.