The rent prices in real estate in Silver Spring, in the Maryland region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Silver Spring has barely changed in the last 6 months. In October, the average price per sq.feet was $2.03. In the following month the price per sq.feet rose considerably to $2.75. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $2.21 to $1.91 during February, and March.
When referring to the price in Silver Spring (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,749. In November This price remains at $1,809. In the following two months the average price has hardly changed with regard to the previous two months from $1,779 to $1,773. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,776 to $1,673.5 in 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 $1,675 they are 4 % more affordable than the average price for Silver Spring . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,109.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.63 / sq.feet, with an average $1.89 / sq.feet price in Silver Spring. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.78 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,675 it is 3 % more affordable than the average price in Silver Spring. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $1,799 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.96 / sq.feet followed by "Condo" priced at $1.99 / sq.feet. "Townhouse" is the most expensive type of property with a $76.2 / sq.feet value followed by "Villa" with an average price of $34 / sq.feet.