The average rent price in the Pennsylvania region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Pennsylvania has risen considerably in the last 6 months. During March, the average price per sq.feet was $1.84. In April the price barely changed remaining at $1.82 per sq.feet. The following two months (May, June) went through a rise of 108 % in the rent price per sq.feet rising from $1.83 to $1.98 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 196 %. This has been obtained by comparing the price of $1.9 for the first four months of the sample with regard to the previous 4 months and the price of $3.72 per sq.feet for the last two months (July, August).
When referring to the price in Pennsylvania(region), this has risen in the last 6 months. The average rent price in March is $1,432. In April the price rose to $1,512. The average price for the following two months (May, June) rose from $1,472 to $1,637.5. During the last two months the price has gone up 110 % compared to the previous average values going from $1,554.75 a $1,712.5 in July y August.
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 6 % cheaper than the average price in Pennsylvania followed by those with 2 with an average price of $1,919. The most expensive properties have 4 bedrooms. They are 45 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,978.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.3 / sq.feet being $5.59 / sq.feet the average for Pennsylvania. The properties with the highest average price are those with 1 bedroom. These are 40 % more expensive than the average followed by those with 2 bedrooms with a price of $1.92 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,750 it is 16 % cheaper than the average in Pennsylvania. This is followed by "House" with a cost of $1,503. The most expensive property type is "Condo" and is 42 % more costly than the average, followed by "Townhouse" with a cost of $1,986.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.61 / sq.feet, followed by "Townhouse" with a price of $1.87 / sq.feet. "Condo" with an average price of $144.74 / sq.feet is the most expensive type of property followed by "House" at a price of $1.91 / sq.feet.