The rent prices in real estate in Towson, 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 Towson has had a strong fall during the last 6 months. In July, the average price per sq.feet was $2.08. In the following month the price per sq.feet fell considerably to $1.4. The price for the following two months in (September, October) fell 88 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $1.63 to $1.45 during November, and December.
When referring to the price in Towson (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,505. In August This price remains at $1,468. In the following two months the average price has hardly changed with regard to the previous two months from $1,486.5 to $1,549.5. 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 $1,518 and $1,456.5 between November and December.
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 $1,474 they are 17 % more affordable than the average price for Towson . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,522.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $1.48 / sq.feet price in Towson. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.33 / sq.feet.
According to average price per property type in Towson, "" priced at $1,481 is 0 % more expensive than the average price ($1,474) in this city.