The average rent price in the Pennsylvania region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Pennsylvania has fallen considerably in the last 6 months. During July, the average price per sq.feet was $4.54. The following month (August) the price had a considerable fall reaching $1.42 per sq.feet. The following two months (September, October) went through a considerable fall of 55 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 68 %. This has been obtained by comparing the price of $2.31 for the first four months of the sample with regard to the previous 4 months and the price of $1.57 per sq.feet for the last two months (November, December).
When referring to the price in Pennsylvania (region), this has fallen in the last 6 months. July has an average price of $1,603. During Augustthe price had a slight fall till $1,398. In the following two months the average price practically remained the same compared to the previous two going from $1,500.5 to $1,443.5. During the last two months the price has gone down 95 % compared to the previous average values going from $1,472 a $1,393 in November y December.
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 15 % cheaper than the average price in Pennsylvania followed by those with 2 with an average price of $1,346. The most expensive properties have 4 bedrooms. They are 23 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,461.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.15 / sq.feet being $1.57 / sq.feet the average for Pennsylvania. The properties with the highest average price are those with 1 bedroom. These are 14 % more expensive than the average followed by those with 4 bedrooms with a price of $1.51 / sq.feet.
The graph displaying the average rent price according to the property type shows "Office" as the most affordable one. With an average cost of $1,406 it is 17 % cheaper than the average in Pennsylvania. This is followed by "House" with a cost of $1,261. The most affordable property type is "Townhouse" and is 2 % cheaper than the average, followed by "Condo" with a cost of $1,345.
Based upon the average cost per sq.feet the most affordable property type is "Office with a an average price of $1 / sq.feet, followed by "Condo" with a price of $1.1 / sq.feet. "House" with an average price of $1.64 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $1.16 / sq.feet.