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 March, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to . The price for the following two months in (May, June) had a considerable rise of 0 %. The price per sq.feet has had a considerable rise of 2147483647 % 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 to $4 during July, and August.
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 March, the average price is $1,623. In April This price remains at $1,696. In the following two months the average price has hardly changed with regard to the previous two months from $1,659.5 to $1,663.5. 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 $1,661.5 and $1,665.5 between July and August.
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 $1,661 they are 38 % more affordable than the average price for Magnolia . The properties with the highest average price have 4 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,423.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,661 it is 27 % 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 $1,263 it is 2 % 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 $23 / sq.feet followed by "Townhouse" priced at $30 / sq.feet. "Townhouse" is the most expensive type of property with a $30 / sq.feet value followed by "Duplex" with an average price of $23 / sq.feet.