The rent prices in real estate in Ocean City, 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 Ocean City has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.03. In the following month the price per sq.feet fell to $1.87. In the following two months the price per sq.feet has risen 114 %, going from $1.95 to $2.22 per sq.feet. The price per sq.feet has had a considerable rise of 217 % 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 $2.09 to $4.53 during January, and February.
When referring to the price in Ocean City (cities), this has risen considerably in the last 6 months. The average price for September is $2,091. During October the price had a slight fall till $1,785. In the following two months the average price has hardly changed with regard to the previous two months from $1,938 to $1,868.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 242 % 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 65 % more affordable than the average price of $1,431 in Ocean City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 65 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1298 % more expensive than the average price of ($59 / sq.feet) in Ocean City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1298 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $4,083 it is 66 % more affordable than the average price in Ocean City. "" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,380 it is 65 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $33 / sq.feet followed by "Townhouse" priced at $53 / sq.feet. "Townhouse" is the most expensive type of property with a $53 / sq.feet value followed by "Land" with an average price of $33 / sq.feet.