The rent prices in real estate in Mercer Island, in the Washington region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Mercer Island has fallen during the last 6 months. In April, the average price per sq.feet was $2.82. In the following month the price per sq.feet fell to $2.57. In the following two months the price per sq.feet has practically remained the same, going from $2.69 to $2.57 per sq.feet. The price per sq.feet has fallen 93 % 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 $2.63 to $2.45 during August, and September.
When referring to the price in Mercer Island (cities), this has risen in the last 6 months. The rent price in April is $2,436, rising in May till $2,629. In the following two months the average price has hardly changed with regard to the previous two months from $2,532.5 to $2,607. 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 $2,569.75 and $2,498 between August and September.
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 $2,555 they are 27 % more affordable than the average price for Mercer Island . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,584.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.47 / sq.feet, with an average $2.37 / sq.feet price in Mercer Island. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.43 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,555 it is 13 % more affordable than the average price in Mercer Island. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $4,389 it is 95 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.58 / sq.feet followed by "Apartment" priced at $2.64 / sq.feet. "Apartment" is the most expensive type of property with a $2.64 / sq.feet value followed by "House" with an average price of $1.58 / sq.feet.