The rent prices in real estate in Shaker Heights, in the Ohio 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 Shaker Heights has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.11. In the following month the price per sq.feet rose considerably to $1.37. In the following two months the price per sq.feet has risen 114 %, going from $1.24 to $1.41 per sq.feet. The price per sq.feet has risen 107 % 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 $1.33 to $1.42 during February, and March.
When referring to the price in Shaker Heights (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,569. In November This price remains at $1,622. In the following two months the average price has hardly changed with regard to the previous two months from $1,595.5 to $1,631. 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 $1,613.25 and $1,651 between February and March.
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 $1,656 they are 21 % more affordable than the average price for Shaker Heights . 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 $1,878.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.38 / sq.feet price in Shaker Heights. The properties with the most expensive average prices have 1 bedroom. They are 41 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,656 it is 16 % more affordable than the average price in Shaker Heights. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,994 it is 49 % 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 $1.2 / sq.feet followed by "Apartment" priced at $1.48 / sq.feet. "Apartment" is the most expensive type of property with a $1.48 / sq.feet value followed by "House" with an average price of $1.2 / sq.feet.