The rent prices in real estate in Monaca, in the Pennsylvania region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Monaca has had a strong fall during the last 6 months. In December, the average price per sq.feet was $39. In the following month the price per sq.feet rose considerably to $76. The price for the following two months in (February, March) had a considerable fall of 2 with regard to the previous two months. The price per sq.feet has had a considerable fall of 4 % 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 $29.36 to $1.25 during April, and May.
When referring to the price in Monaca (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $632. During January the price went through a considerable rise reaching $1,181. During the following two months (February, March) the average price had a considerable rise of 233 % 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 had a strong increase of 134 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 42 % more affordable than the average price of $1,145 in Monaca. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 42 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4654 % more expensive than the average price of ($58 / sq.feet) in Monaca. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4654 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of $1,990 it is 57 % more affordable than the average price in Monaca. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial Property". At a price of $846 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial Property" at an average price of $2 / sq.feet followed by "House" priced at $58 / sq.feet. "House" is the most expensive type of property with a $58 / sq.feet value followed by "Commercial Property" with an average price of $2 / sq.feet.