The rent prices in real estate in Prospect Park, 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 Prospect Park has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.3. In April this price barely changed remaining at $1.31 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 1902 %. The price per sq.feet has had a considerable fall of 5 % 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 $13.06 to $0.68 during July, and August.
When referring to the price in Prospect Park (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,053. In April This price remains at $1,039. During the following two months (May, June) the average price had a considerable rise of 122 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,162.5 to $1,048 in 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 $1,079 they are 18 % more affordable than the average price for Prospect Park . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,012.
According to average price per property type in Prospect Park, "" priced at $1,012 is 6 % lower than the average price ($1,079) in this city.