Property prices for rent in Ocean City (Maryland)
The rent prices in real estate in Ocean City, in the Maryland region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Ocean City has fallen during the last 6 months. In November, the average price per sq.feet was $1.82. In December this price barely changed remaining at $1.77 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.79 to $1.84 per sq.feet. The price per sq.feet has had a considerable fall of 64 % 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 $1.82 to $1.16 during March, and April.
When referring to the price in Ocean City (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,620. In December This price remains at $1,580. During the following two months (January, February) the average price had a considerable rise of 148 % 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 had a strong increase of 119 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 48 % more affordable than the average price of $1,549 in Ocean City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 48 % more affordable than the average aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,000 it is 54 % more affordable than the average price in Ocean City. "Apartment" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "Apartment". At a price of $1,403 it is 53 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $45 / sq.feet followed by "Townhouse" priced at $55 / sq.feet. "Townhouse" is the most expensive type of property with a $55 / sq.feet value followed by "Apartment" with an average price of $45 / sq.feet.
