The rent prices in real estate in Milford, in the Pennsylvania 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 Milford has risen strongly during the last 6 months. In March, the average price per sq.feet was $19.01. In the following month the price per sq.feet rose considerably to $23.68. The price for the following two months in (May, June) had a considerable rise of 122 %. The price per sq.feet has fallen 90 % 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 $23.65 to $21.28 during July, and August.
When referring to the price in Milford (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,656. In April This price remains at $1,588. During the following two months (May, June) the average price fell 94 % with regard to the previous two months. 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 1 bedroom are the most affordable ones. At a price of $1,706 they are 39 % more affordable than the average price for Milford . The properties with the lowest average price have 2 bedrooms, Their price is 20 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,048.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 438 % more expensive than the average price of ($85 / sq.feet) in Milford. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 438 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,706 it is 22 % more affordable than the average price in Milford. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,355 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $72 / sq.feet followed by "Condo" priced at $75 / sq.feet. "House" is the most expensive type of property with a $85 / sq.feet value followed by "Land" with an average price of $80 / sq.feet.