The rent prices in real estate in Nottingham, 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 Nottingham has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.45. In November this price barely changed remaining at $1.5 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.48 to $1.42 per sq.feet. The price per sq.feet has had a considerable rise of 363 % 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 $1.45 to $5.25 during February, and March.
When referring to the price in Nottingham (cities), this has fallen in the last 6 months. The average price for October is $1,476. During November the price had a slight fall till $1,385. During the following two months (December, January) 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 $1,357.5 and $1,291.5 between 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 $1,313 they are 14 % more affordable than the average price for Nottingham . The properties with the highest average price have 4 bedrooms, Their price is 67 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,620.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $9.02 / sq.feet price in Nottingham. The properties with the most expensive average prices have 2 bedrooms. They are 188 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,313 it is 12 % more expensive than the average price in Nottingham. "Condo" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "". At a price of $1,473 it is 22 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $4 / sq.feet. "Condo" with an average price of $4 / sq.feet has the most affordable price and would be directed at less affluent cities.