Property prices for rent in Potomac (Maryland)
The rent prices in real estate in Potomac, in the Maryland region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Potomac has barely changed in the last 6 months. In October, the average price per sq.feet was $2.02. In the following month the price per sq.feet rose to $2.13. In the following two months the price per sq.feet has practically remained the same, going from $2.08 to $2.03 per sq.feet. The price per sq.feet has fallen 90 % 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 $2.05 to $1.85 during February, and March.
When referring to the price in Potomac (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $4,774. In November This price remains at $4,835. During the following two months (December, January) the price has had an average rise from $4,804.5 to $5,367.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $5,202 they are 53 % more affordable than the average price for Potomac . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 4 bedrooms priced at $5,854.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.8 / sq.feet price in Potomac. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $5,202 it is 33 % more affordable than the average price in Potomac. "" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $5,686 it is 58 % 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 / sq.feet followed by "Apartment" priced at $3 / sq.feet. "Apartment" is the most expensive type of property with a $3 / sq.feet value followed by "House" with an average price of $1 / sq.feet.
