The rent prices in real estate in Reading, in the Pennsylvania region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Reading has fallen during the last 6 months. In January, the average price per sq.feet was $1.13. In February this price barely changed remaining at $1.13 per sq.feet. The price for the following two months in (March, April) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1.1 to $0.95 during May, and June.
When referring to the price in Reading (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,140. In February This price remains at $1,132. In the following two months the average price has hardly changed with regard to the previous two months from $1,136 to $1,142.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,150 they are 23 % more affordable than the average price for Reading . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,239.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.6 / sq.feet, with an average $0.93 / sq.feet price in Reading. The properties with the most expensive average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.89 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,150 it is 14 % more affordable than the average price in Reading. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,116 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $0.81 / sq.feet followed by "House" priced at $1.01 / sq.feet. "House" is the most expensive type of property with a $1.01 / sq.feet value followed by "Townhouse" with an average price of $0.81 / sq.feet.