The rent prices in real estate in Pittsburgh, in the Pennsylvania 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 Pittsburgh has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.63. In the following month the price per sq.feet fell to $1.53. In the following two months the price per sq.feet has practically remained the same, going from $1.58 to $1.62 per sq.feet. The price per sq.feet has had a considerable rise of 237 % 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 $1.6 to $3.8 during August, and September.
When referring to the price in Pittsburgh (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,341. During May the price had a slight fall till $1,204. During the following two months (June, July) the price has had an average rise from $1,272.5 to $1,357.5. 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 $1,315 and $1,293 between August and September.
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 $1,175 they are 10 % more affordable than the average price for Pittsburgh . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,532.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.18 / sq.feet, with an average $1.5 / sq.feet price in Pittsburgh. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.38 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,175 it is 5 % 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 $1,431 it is 24 % 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 $1.11 / sq.feet followed by "House" priced at $1.44 / sq.feet. "House" is the most affordable type of property with a $1.44 / sq.feet value followed by "Condo" with an average price of $1.11 / sq.feet.