The rent prices in real estate in Montgomery Village, in the Maryland 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 Montgomery Village has had a strong fall during the last 6 months. In April, the average price per sq.feet was $52.98. In the following month the price per sq.feet fell considerably to $33.37. The price for the following two months in (June, July) had a considerable rise of 121 %. The price per sq.feet has had a considerable fall of 43 % 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 $47.64 to $20.55 during August, and September.
When referring to the price in Montgomery Village (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $1,786. In May This price remains at $1,817. During the following two months (June, July) the average price had a considerable rise of 115 % 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 127 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,605 they are 7 % more affordable than the average price for Montgomery Village . The properties with the highest average price have 2 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,603.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.53 / sq.feet, with an average $25.65 / sq.feet price in Montgomery Village. The properties with the most expensive average prices have 2 bedrooms. They are 392 % more expensive than the average followed by properties with 1 bedroom with a price at $46.36 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,605 it is 48 % more affordable than the average price in Montgomery Village. "" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Townhouse". At a price of $1,723 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $9 / sq.feet followed by "Condo" priced at $19 / sq.feet. "Townhouse" is the most expensive type of property with a $38 / sq.feet value followed by "Condo" with an average price of $19 / sq.feet.