The rent prices in real estate in Mercer Island, in the Washington region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Mercer Island has risen during the last 6 months. In November, the average price per sq.feet was $2.5. In December this price barely changed remaining at $2.52 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.51 to $2.51 per sq.feet. The price per sq.feet has had a considerable rise of 115 % 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 $2.51 to $2.89 during March, and April.
When referring to the price in Mercer Island (cities), there have hardly been any changes in the last 6 months. The average price for November is $3,294. During December the price had a slight fall till $3,032. During the following two months (January, February) the price has had an average rise from $3,163 to $3,603. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $3,383 to $3,190.5 in March and April.
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 $3,279 they are 10 % more affordable than the average price for Mercer Island . The properties with the highest average price have 4 bedrooms, Their price is 96 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,409.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.43 / sq.feet, with an average $2.96 / sq.feet price in Mercer Island. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.56 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,279 it is 43 % more affordable than the average price in Mercer Island. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $2,865 it is 84 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.