The rent prices in real estate in Montgomery Village, 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 Montgomery Village has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.83. In the following month the price per sq.feet rose considerably to $11.86. The price for the following two months in (April, May) had a considerable fall of 23 with regard to the previous two months. The price per sq.feet has had a considerable rise of 1763 % 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 $4.22 to $74.44 during June, and July.
When referring to the price in Montgomery Village (cities), this has risen in the last 6 months. The rent price in February is $1,610, rising in March till $1,704. In the following two months the average price has hardly changed with regard to the previous two months from $1,657 to $1,626. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $2,077 they are 7 % more affordable than the average price for Montgomery Village . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,700.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $51.94 / sq.feet, with an average $78.71 / sq.feet price in Montgomery Village. The properties with the most expensive average prices have 4 bedrooms. They are 2230 % more expensive than the average followed by properties with 3 bedrooms with a price at $262.28 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,077 it is 10 % more affordable than the average price in Montgomery Village. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,897 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $25.52 / sq.feet followed by "Condo" priced at $279.65 / sq.feet. "Condo" is the most expensive type of property with a $279.65 / sq.feet value followed by "House" with an average price of $25.52 / sq.feet.