The rent prices in real estate in North Olmsted, in the Ohio 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 North Olmsted has had a strong fall during the last 6 months. In July, the average price per sq.feet was $9.05. In the following month the price per sq.feet fell considerably to $1.11. The price for the following two months in (September, October) had a considerable fall of 22 with regard to the previous two months. The price per sq.feet has had a considerable fall of 38 % 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 $3.09 to $1.17 during November, and December.
When referring to the price in North Olmsted (cities), this has risen considerably in the last 6 months. The rent price in July is $1,051, rising in August till $1,131. During the following two months (September, October) the average price had a considerable rise of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
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 $1,387 they are 32 % more affordable than the average price for North Olmsted . The properties with the highest average price have 2 bedrooms, Their price is 2 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,309.
With regard to the average prices per sq.feet those properties with 1 bedroom are 16 % more affordable than the average price of ($1 / sq.feet) in North Olmsted. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 16 % more affordable than the average value aforementioned.
According to average price per property type in North Olmsted, "" priced at $999 is 28 % lower than the average price ($1,387) in this city.