The rent prices in real estate in Youngstown, in the Ohio 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 Youngstown has had a strong fall during the last 6 months. In May, the average price per sq.feet was $2.9. In the following month the price per sq.feet rose considerably to $4.32. The price for the following two months in (July, August) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % 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 $2.93 to $0.63 during September, and October.
When referring to the price in Youngstown (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $596. In June This price remains at $592. In the following two months the average price has hardly changed with regard to the previous two months from $594 to $620.5. 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 $607.25 and $604 between September and October.
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 $600 they are 14 % more affordable than the average price for Youngstown . The properties with the highest average price have 3 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 4 bedrooms priced at $700.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.44 / sq.feet, with an average $0.63 / sq.feet price in Youngstown. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.64 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $600 it is 24 % more affordable than the average price in Youngstown. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $545 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.32 / sq.feet followed by "House" priced at $0.6 / sq.feet. "Apartment" is the most expensive type of property with a $0.86 / sq.feet value followed by "House" with an average price of $0.6 / sq.feet.