The rent prices in real estate in Severn, in the Maryland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Severn has had a strong fall during the last 6 months. In June, the average price per sq.feet was $12.58. In the following month the price per sq.feet fell considerably to $1.34. The price for the following two months in (August, September) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 34 % 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 $4.21 to $1.41 during October, and November.
When referring to the price in Severn (cities), this has risen in the last 6 months. In our first sample month during June, the average price is $1,574. In July This price remains at $1,631. During the following two months (August, September) the price has had an average rise from $1,602.5 to $1,780. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,796 they are 8 % more affordable than the average price for Severn . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,778.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.39 / sq.feet price in Severn. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,796 it is 26 % more affordable than the average price in Severn. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,840 it is 15 % 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 $1.15 / sq.feet followed by "Townhouse" priced at $1.28 / sq.feet. "Apartment" is the most expensive type of property with a $1.62 / sq.feet value followed by "Townhouse" with an average price of $1.28 / sq.feet.