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 June, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1.18. The price for the following two months in (August, September) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has had a considerable rise of 212 % 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 $0.54 to $1.15 during October, and November.
When referring to the price in Newburg (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during June, is $2,229. During July the price went through a considerable rise reaching $2,613. During the following two months (August, September) the average price fell 91 % 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 $2,306.25 and $2,330 between October and November.
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 $2,400 they are 11 % more affordable than the average price for Newburg . The properties with the lowest average price have 1 bedroom, Their price is 10 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,145.
According to average price per property type in Newburg, "" priced at $2,145 is 11 % lower than the average price ($2,400) in this city.