The average rent price in the Washington region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Washington has risen in the last 6 months. During November, the average price per sq.feet was $2.33. In December the price barely changed remaining at $2.34 per sq.feet. In the following two months (January, February) the rent price per sq.feet has increased notably to a 116 %. In the last two months, the price per sq.feet has fallen 91 %. This has been obtained by comparing the price $2.52 for the first four months of the sample with regard to the previous 4 months and the price $2.29 per sq.feet for the last two months (March, April).
When referring to the price in Washington(region), there have hardly been any changes in the last 6 months. In the first month sample November the average price is $1,727. In December the price remains at $1,728. In the following two months the average price practically remained the same compared to the previous two going from $1,727.5 to $1,782.5. During the last two months the price has gone down 92 % compared to the previous average values going from $1,755 a $1,616.5 in March y April.
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 9 % cheaper than the average price in Washington followed by those with 2 with an average price of $1,949. The most expensive properties have 4 bedrooms. They are 60 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,311.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.38 / sq.feet being $2.28 / sq.feet the average for Washington. The properties with the highest average price are those with 1 bedroom. These are 6 % more expensive than the average followed by those with 2 bedrooms with a price of $2.1 / 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 $1,711 it is 47 % cheaper than the average in Washington. This is followed by "House" with a cost of $1,522. The most expensive property type is "Condo" and is 34 % more costly than the average, followed by "Townhouse" with a cost of $2,127.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.73 / sq.feet, followed by "Condo" with a price of $1.82 / sq.feet. "Townhouse" with an average price of $71.98 / sq.feet is the most expensive type of property followed by "House" at a price of $2.42 / sq.feet.