The rent prices in real estate in Severn, in the Maryland 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 Severn has fallen during the last 6 months. In September, the average price per sq.feet was $1.86. In October this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.83 to $1.78 per sq.feet. The price per sq.feet has fallen 92 % 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 $1.81 to $1.66 during January, and February.
When referring to the price in Severn (cities), this has risen in the last 6 months. The rent price in September is $2,042, rising in October till $2,155. During the following two months (November, December) the price has had an average rise from $2,098.5 to $2,303.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,201 and $2,183.5 between 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 $2,257 they are 26 % more affordable than the average price for Severn . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,419.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.51 / sq.feet, with an average $1.68 / sq.feet price in Severn. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,257 it is 22 % more affordable than the average price in Severn. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,180 it is 10 % 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 $1.63 / sq.feet followed by "Townhouse" priced at $1.76 / sq.feet. "Apartment" is the most expensive type of property with a $2.03 / sq.feet value followed by "Townhouse" with an average price of $1.76 / sq.feet.