The rent prices in real estate in Newburg, 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 Newburg has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.9. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has practically remained the same, going from $0.45 to $0.46 per sq.feet. The price per sq.feet has risen 109 % 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 $0.45 to $0.5 during March, and April.
When referring to the price in Newburg (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $1,757. During December the price went through a considerable rise reaching $2,238. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. 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 $1,902.5 and $1,948.5 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 $2,264 they are 3 % more affordable than the average price for Newburg . The properties with the lowest average price have 1 bedroom, Their price is 3 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,187.
According to average price per property type in Newburg, "" priced at $2,187 is 3 % lower than the average price ($2,264) in this city.