Property prices for rent in Magnolia (Delaware)

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.

$1,664.83
Average price last 6 months
$2.08
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Magnolia
Number of properties used in region Delaware
$1,663
No data
284
13,156
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value