The rent prices in real estate in Newburg, 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 Newburg has risen strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $0.5 to $0.5 per sq.feet. The price per sq.feet has had a considerable rise of 472 % 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 $0.5 to $2.36 during February, and March.
When referring to the price in Newburg (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,254. In November This price remains at $2,235. During the following two months (December, January) the price has had an average rise from $2,244.5 to $2,426.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,335.5 to $1,948, which means a 83 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $1,948 they are 9 % more expensive than the average price for Newburg. Following this ranking we find those properties with 1 at an average price of $2,142. The properties with the highest average price have 1 bedroom, Their price is 10 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,127.
According to average price per property type in Newburg, "" priced at $2,127 is 9 % more expensive than the average price ($1,948) in this city.