The rent prices in real estate in Richland, in the Washington 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 Richland has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.43. In October this price barely changed remaining at $1.43 per sq.feet. In the following two months the price per sq.feet has risen 115 %, going from $1.43 to $1.64 per sq.feet. The price per sq.feet has had a considerable rise of 116 % 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 $1.53 to $1.78 during January, and February.
When referring to the price in Richland (cities), this has fallen in the last 6 months. The average price for September is $1,722. During October the price had a slight fall till $1,621. In the following two months the average price has hardly changed with regard to the previous two months from $1,671.5 to $1,599.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,635.5 to $1,511 in January and February.
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 $1,518 they are 12 % more affordable than the average price for Richland . The properties with the highest average price have 4 bedrooms, Their price is 88 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,214.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.19 / sq.feet, with an average $1.83 / sq.feet price in Richland. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.55 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,518 it is 15 % more affordable than the average price in Richland. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,666 it is 66 % 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 $1.48 / sq.feet followed by "Land" priced at $1.72 / sq.feet. "Condo" is the most expensive type of property with a $1.95 / sq.feet value followed by "Land" with an average price of $1.72 / sq.feet.