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 March, the average price per sq.feet was $2.86. In the following month the price per sq.feet rose considerably to $3.56. The price for the following two months in (May, June) had a considerable rise of 170 %. 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 $4.33 to $6.11 during July, and August.
When referring to the price in Pittsburgh (cities), there have hardly been any changes in the last 6 months. The rent price in March is $1,266, rising in April till $1,345. In the following two months the average price has hardly changed with regard to the previous two months from $1,305.5 to $1,306.5. 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 $1,306 and $1,330 between July and August.
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 $1,335 they are 12 % more affordable than the average price for Pittsburgh . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,943.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.3 / sq.feet, with an average $1.49 / sq.feet price in Pittsburgh. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.47 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,335 it is 17 % 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 "Commercial". At a price of $1,337 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.83 / sq.feet followed by "Office" priced at $1.12 / sq.feet. "Condo" is the most expensive type of property with a $4 / sq.feet value followed by "House" with an average price of $1.58 / sq.feet.