The rent prices in real estate in Pittsburgh, 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 Pittsburgh has had a strong fall during the last 6 months. In August, the average price per sq.feet was $6.1. In the following month the price per sq.feet fell considerably to $1.5. The price for the following two months in (October, November) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable fall of 56 % 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 $2.74 to $1.53 during December, and January.
When referring to the price in Pittsburgh (cities), this has fallen in the last 6 months. The average price for August is $1,411. During September the price had a considerable fall till $1,175. In the following two months the average price has hardly changed with regard to the previous two months from $1,293 to $1,328. 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 $1,310.5 and $1,336.5 between December and January.
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 $1,368 they are 15 % more affordable than the average price for Pittsburgh . 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 $1,575.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.46 / sq.feet price in Pittsburgh. The properties with the most expensive average prices have 1 bedroom. They are 423 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.45 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,368 it is 7 % more affordable than the average price in Pittsburgh. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,423 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.15 / sq.feet followed by "House" priced at $1.66 / sq.feet. "House" is the most expensive type of property with a $1.66 / sq.feet value followed by "Condo" with an average price of $1.15 / sq.feet.