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 October, the average price per sq.feet was $1.5. In November this price barely changed remaining at $1.51 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.5 to $1.43 per sq.feet. The price per sq.feet has had a considerable rise of 284 % 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 $1.47 to $4.17 during February, and March.
When referring to the price in Ocean City (cities), this has risen considerably in the last 6 months. The average price for October is $1,425. During November the price had a slight fall till $1,351. In the following two months the average price has hardly changed with regard to the previous two months from $1,388 to $1,413.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 309 % 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 73 % more affordable than the average price of $1,555 in Ocean City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 73 % 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 $5,767 it is 76 % more affordable than the average price in Ocean City. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "". At a price of $1,390 it is 75 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $58 / sq.feet. "Apartment" at an average price of $58 / sq.feet has the highest price and would be directed at more affluent cities.