The rent prices in real estate in Owings, 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 Owings has fallen during the last 6 months. In October, the average price per sq.feet was $1.07. In the following month the price per sq.feet rose to $1.18. The price for the following two months in (December, January) had a considerable rise of 123 %. The price per sq.feet has had a considerable fall of 40 % 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 $1.25 to $0.5 during February, and March.
When referring to the price in Owings (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,820. During November the price went through a considerable rise reaching $2,133. During the following two months (December, January) the average price had a considerable rise of 120 % 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 increased 111 % during the last two months.
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 $2,154 they are 51 % more affordable than the average price for Owings . The properties with the lowest average price have 4 bedrooms, Their price is 11 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,788.
According to average price per property type in Owings, "" priced at $1,261 is 41 % lower than the average price ($2,154) in this city.