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.