The rent prices in real estate in Magnolia, in the Delaware region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Magnolia has risen strongly during the last 6 months. In September, the average price per sq.feet was $0.95. In October this price barely changed remaining at $0.94 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable rise of 520 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $0.87 to $4.5 during January, and February.
When referring to the price in Magnolia (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,625. In October This price remains at $1,698. In the following two months the average price has hardly changed with regard to the previous two months from $1,661.5 to $1,665.5. 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 $1,663.5 and $1,667.5 between January and February.
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 $1,663 they are 37 % more affordable than the average price for Magnolia . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,435.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,663 it is 26 % more affordable than the average price in Magnolia. "Townhouse" is seen as the second most affordable property type. The most affordable property is "" followed by "Townhouse". At a price of $1,275 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $29 / sq.feet followed by "Townhouse" priced at $36 / sq.feet. "Townhouse" is the most expensive type of property with a $36 / sq.feet value followed by "Duplex" with an average price of $29 / sq.feet.