The rent prices in real estate in Meadville, in the Pennsylvania region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Meadville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.11. In November this price barely changed remaining at $1.07 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1 to $0.87 during February, and March.
When referring to the price in Meadville (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $909. In November This price remains at $885. In the following two months the average price has hardly changed with regard to the previous two months from $897 to $886. 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 $891.5 and $897 between February and March.
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 $908 they are 31 % more affordable than the average price for Meadville . The properties with the highest average price have 3 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 2 bedrooms priced at $723.
According to average price per property type in Meadville, "" priced at $652 is 28 % lower than the average price ($908) in this city.