The rent prices in real estate in Owings Mills, 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 Owings Mills has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.38. In the following month the price per sq.feet rose considerably to $4.28. The price for the following two months in (December, January) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has had a considerable rise of 194 % 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 $2.14 to $4.16 during February, and March.
When referring to the price in Owings Mills (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,587. In November This price remains at $1,642. In the following two months the average price has hardly changed with regard to the previous two months from $1,614.5 to $1,596. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,605.25 and $1,657 between February and March.
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 $1,684 they are 11 % more affordable than the average price for Owings Mills . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,034.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $3.21 / sq.feet price in Owings Mills. The properties with the most expensive average prices have 1 bedroom. They are 144 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.5 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,684 it is 3 % more affordable than the average price in Owings Mills. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $2,067 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $66 / sq.feet. "Condo" is the most expensive type of property with a $153 / sq.feet value followed by "Apartment" with an average price of $66 / sq.feet.