Property prices for rent in Montgomery Village (Maryland)
The rent prices in real estate in Montgomery Village, in the Maryland region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Montgomery Village has fallen during the last 6 months. In November, the average price per sq.feet was $1.64. In December this price barely changed remaining at $1.61 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $1.5 to $1.42 during March, and April.
When referring to the price in Montgomery Village (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,717, rising in December till $1,884. In the following two months the average price has hardly changed with regard to the previous two months from $1,800.5 to $1,721.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,761 and $1,739.5 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,738 they are 13 % more affordable than the average price for Montgomery Village . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,941.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $1.51 / sq.feet price in Montgomery Village. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,738 it is 6 % more affordable than the average price in Montgomery Village. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $2,099 it is 60 % 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 $1.28 / sq.feet followed by "Condo" priced at $1.92 / sq.feet. "Townhouse" is the most expensive type of property with a $2.03 / sq.feet value followed by "Condo" with an average price of $1.92 / sq.feet.
