The average rent price in the Maryland region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in Maryland has fallen in the last 6 months. During September, the average price per sq.feet was $2.18. In October the price barely changed remaining at $2.09 per sq.feet. The following two months (November, December) went through a fall of 94 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has fallen 95 %. This has been obtained by comparing the price $2.08 for the first four months of the sample with regard to the previous 4 months and the price $1.97 per sq.feet for the last two months (January, February).
When referring to the price in Maryland(region), there have hardly been any changes in the last 6 months. In the first month sample September the average price is $2,002. In October the price remains at $2,015. In the following two months the average price practically remained the same compared to the previous two going from $2,008.5 to $2,073.5. During the last two months the average price has not gone through any changes and has gone from $2,041 to $1,995 during January and February.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 17 % cheaper than the average price in Maryland followed by those with 2 with an average price of $2,087. The most expensive properties have 4 bedrooms. They are 41 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,264.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.51 / sq.feet being $1.97 / sq.feet the average for Maryland. The properties with the highest average price are those with 1 bedroom. These are 11 % more expensive than the average followed by those with 2 bedrooms with a price of $2 / sq.feet.
The graph displaying the average rent price according to the property type shows "Townhouse" as the most affordable one. With an average cost of $2,008 it is 16 % cheaper than the average in Maryland. This is followed by "" with a cost of $1,836. The most expensive property type is "Apartment" and is 73 % more costly than the average, followed by "Condo" with a cost of $2,179.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1.38 / sq.feet, followed by "Townhouse" with a price of $1.43 / sq.feet. "House" with an average price of $2.16 / sq.feet is the most expensive type of property followed by "Land" at a price of $1.98 / sq.feet.