The rent prices in real estate in New Market, 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 New Market has had a strong fall during the last 6 months. In November, the average price per sq.feet was $8. In the following month the price per sq.feet rose considerably to $13. The price for the following two months in (January, February) had a considerable fall of 62 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $8.5 to $1.04 during March, and April.
When referring to the price in New Market (cities), this has fallen in the last 6 months. The average price for November is $2,216. During December the price had a slight fall till $1,994. During the following two months (January, February) the average price had a considerable fall of 85 % 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 109 % 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 $2,563 they are 61 % more affordable than the average price for New Market . The properties with the lowest average price have 2 bedrooms, Their price is 16 % more affordable than the average. After that we have properties with 1 bedroom priced at $993.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,563 it is 16 % more affordable than the average price in New Market. "Commercial Property" is seen as the second most affordable property type. The most affordable property is "Commercial Property" followed by "". At a price of $2,153 it is 14 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Commercial Property with an average cost of $4 / sq.feet. "Commercial Property" at an average price of $4 / sq.feet has the highest price and would be directed at more affluent cities.