The rent prices in real estate in Philadelphia, in the Pennsylvania 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 Philadelphia has fallen during the last 6 months. In September, the average price per sq.feet was $2.06. In the following month the price per sq.feet fell considerably to . The price for the following two months in (November, December) had a considerable rise of 217 %. The price per sq.feet has had a considerable rise of 141 % 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 $1.63 to $2.3 during January, and February.
When referring to the price in Philadelphia (cities), this has fallen in the last 6 months. The average price for September is $1,589. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable rise of 227 % 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 130 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,808 they are 15 % more affordable than the average price for Philadelphia . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,986.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $2.41 / sq.feet price in Philadelphia. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.87 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,808 it is 20 % more affordable than the average price in Philadelphia. "Detached House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,878 it is 23 % 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 $1.83 / sq.feet followed by "Detached House" priced at $2 / sq.feet. "Townhouse" is the most expensive type of property with a $2.51 / sq.feet value followed by "Condo" with an average price of $2.09 / sq.feet.