The rent prices in real estate in Mercer Island, in the Washington 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 Mercer Island has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.61. In November this price barely changed remaining at $2.48 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 129 %. The price per sq.feet has risen 110 % 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 $2.91 to $3.19 during February, and March.
When referring to the price in Mercer Island (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,600. In November This price remains at $2,509. During the following two months (December, January) the price has had an average rise from $2,554.5 to $2,908. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,949 they are 28 % more affordable than the average price for Mercer Island . The properties with the highest average price have 2 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,042.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.92 / sq.feet, with an average $3.17 / sq.feet price in Mercer Island. The properties with the most affordable average prices have 1 bedroom. They are 3 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.92 / sq.feet.
According to average price per property type in Mercer Island, "" priced at $2,133 is 28 % lower than the average price ($2,949) in this city.