Property prices for rent in Newtown Square (Pennsylvania)
The rent prices in real estate in Newtown Square, in the Pennsylvania region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Newtown Square has risen during the last 6 months. In October, the average price per sq.feet was $2.36. In November this price barely changed remaining at $2.44 per sq.feet. In the following two months the price per sq.feet has risen 112 %, going from $2.4 to $2.69 per sq.feet. The price per sq.feet has fallen 94 % 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 $2.55 to $2.4 during February, and March.
When referring to the price in Newtown Square (cities), there have hardly been any changes in the last 6 months. The rent price in October is $3,100, rising in November till $3,291. During the following two months (December, January) the price has had an average rise from $3,195.5 to $3,393. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $3,294.25 to $3,055.5 in February and March.
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 $3,131 they are 28 % more affordable than the average price for Newtown Square . The properties with the highest average price have 3 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 4 bedrooms priced at $4,050.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $2.52 / sq.feet price in Newtown Square. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.69 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,131 it is 32 % more affordable than the average price in Newtown Square. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Detached House". At a price of $4,395 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "House" priced at $1.73 / sq.feet. "Apartment" is the most expensive type of property with a $2.79 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.
