The rent prices in real estate in Piney Point, in the Maryland 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 Piney Point has had a strong fall during the last 6 months. In March, the average price per sq.feet was $4.35. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (May, June) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $1.84 to $1.5 during July, and August.
When referring to the price in Piney Point (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,000. During April the price went through a considerable rise reaching $4,101. During the following two months (May, June) the average price had a considerable rise of 132 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,961 to $2,146.5, which means a 72 % fall.
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 $1,924 they are 36 % more affordable than the average price for Piney Point . The properties with the lowest average price have 2 bedrooms, Their price is 18 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,238.
According to average price per property type in Piney Point, "" priced at $1,572 is 18 % lower than the average price ($1,924) in this city.