The rent prices in real estate in State College, in the Pennsylvania 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 State College has fallen during the last 6 months. In January, the average price per sq.feet was $1.57. In February this price barely changed remaining at $1.52 per sq.feet. The price for the following two months in (March, April) fell 89 % with regard to the previous two months. 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 $1.46 to $1.35 during May, and June.
When referring to the price in State College (cities), there have hardly been any changes in the last 6 months. The average price for January is $1,190. During February the price had a slight fall till $1,121. In the following two months the average price has hardly changed with regard to the previous two months from $1,155.5 to $1,208.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $1,248 they are 17 % more affordable than the average price for State College . 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 $1,627.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.36 / sq.feet price in State College. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.29 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,248 it is 12 % more affordable than the average price in State College. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,273 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 $1.23 / sq.feet followed by "Apartment" priced at $1.61 / sq.feet. "Apartment" is the most expensive type of property with a $1.61 / sq.feet value followed by "House" with an average price of $1.23 / sq.feet.