The rent prices in real estate in New Market, 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 New Market has risen strongly during the last 6 months. In March, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $11. The price for the following two months in (May, June) had a considerable rise of 225 %. The price per sq.feet has had a considerable rise of 338 % 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 $9.75 to $33 during July, and August.
When referring to the price in New Market (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $2,173. In April This price remains at $2,225. In the following two months the average price has hardly changed with regard to the previous two months from $2,199 to $2,113. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $2,156 to $1,926.5 in July and August.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 19 % more expensive than the average price of $2,213 in New Market. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 19 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 86 % more affordable than the average price of ($7 / sq.feet) in New Market. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 86 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,860 it is 7 % more expensive than the average price in New Market. "Villa" is seen as the second most expensive property type. The most expensive property type is "Commercial Property" followed by "House". At a price of $2,213 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $3 / sq.feet followed by "House" priced at $7 / sq.feet. "Commercial Property" is the most affordable type of property with a $24 / sq.feet value followed by "Condo" with an average price of $9 / sq.feet.