The rent prices in real estate in Medina, in the Ohio 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 Medina has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.07. In the following month the price per sq.feet rose to $1.13. In the following two months the price per sq.feet has risen 110 %, going from $1.1 to $1.21 per sq.feet. The price per sq.feet has had a considerable rise of 124 % 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 $1.15 to $1.42 during January, and February.
When referring to the price in Medina (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $1,127. During October the price went through a considerable rise reaching $1,427. During the following two months (November, December) the price has had an average rise from $1,277 to $1,466. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.
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 $1,746 they are 29 % more affordable than the average price for Medina . The properties with the highest average price have 4 bedrooms, Their price is 100 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,781.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.19 / sq.feet, with an average $1.44 / sq.feet price in Medina. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.46 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,746 it is 48 % more affordable than the average price in Medina. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,722 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.35 / sq.feet. "Apartment" is the most expensive type of property with a $1.45 / sq.feet value followed by "House" with an average price of $1.35 / sq.feet.