The rent prices in real estate in Pennsburg, in the Pennsylvania region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Pennsburg has had a strong fall during the last 6 months. In October, the average price per sq.feet was $401.14. In the following month the price per sq.feet fell considerably to $1.51. The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 156 % 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 $101.01 to $157.11 during February, and March.
When referring to the price in Pennsburg (cities), this has risen in the last 6 months. The rent price in October is $1,671, rising in November till $1,801. During the following two months (December, January) the price has had an average rise from $1,736 to $1,958.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,847.25 to $1,706.5 in 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 $1,800 they are 42 % more affordable than the average price for Pennsburg . The properties with the lowest average price have 2 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,053.
According to average price per property type in Pennsburg, "" priced at $1,298 is 28 % lower than the average price ($1,800) in this city.