The rent prices in real estate in Middle River, in the Maryland 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 Middle River has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.41. In July this price barely changed remaining at $1.43 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.42 to $1.47 per sq.feet. The price per sq.feet has had a considerable rise of 778 % 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 $1.44 to $11.23 during October, and November.
When referring to the price in Middle River (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,224. In July This price remains at $1,165. In the following two months the average price has hardly changed with regard to the previous two months from $1,194.5 to $1,207. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % 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 $1,528 they are 24 % more affordable than the average price for Middle River . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,740.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.33 / sq.feet, with an average $20.94 / sq.feet price in Middle River. The properties with the most affordable average prices have 2 bedrooms. They are 9 % more affordable than the average followed by properties with 1 bedroom with a price at $15.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,528 it is 13 % more affordable than the average price in Middle River. "Villa" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "". At a price of $1,322 it is 13 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Villa with an average cost of $18 / sq.feet. "Villa" with an average price of $18 / sq.feet has the most affordable price and would be directed at less affluent cities.