Property prices for rent in Washington region
The average rent price in the Washington region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in Washington has barely changed in the last 6 months. During April, the average price per sq.feet was $5.67. The following month the price fell to $5.21 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 176 %. In the last two months, the price per sq.feet has had a significant fall of 26 %. This has been obtained by comparing the price of $7.49 for the first four months of the sample with regard to the previous 4 months and the price of $1.97 per sq.feet for the last two months (August, September).
When referring to the price in Washington(region), there have hardly been any changes in the last 6 months. In the first month sample April the average price is $1,864. In May the price remains at $1,857. The average price for the following two months (June, July) rose from $1,860.5 to $1,970.5. During the last two months the average price has not gone through any changes and has gone from $1,915.5 to $1,938.5 during August and September.
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 16 % cheaper than the average price in Washington followed by those with 2 with an average price of $1,877. The most expensive properties have 4 bedrooms. They are 22 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,058.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.12 / sq.feet being $2.07 / sq.feet the average for Washington. The properties with the highest average price are those with 1 bedroom. These are 24 % more expensive than the average followed by those with 2 bedrooms with a price of $1.94 / 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 $2,004 it is 36 % cheaper than the average in Washington. This is followed by "House" with a cost of $1,884. The most expensive property type is "Condo" and is 2 % more costly than the average, followed by "Commercial" with a cost of $2,021.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1.28 / sq.feet, followed by "Office" with a price of $1.29 / sq.feet. "Townhouse" with an average price of $6.23 / sq.feet is the most expensive type of property followed by "House" at a price of $2.3 / sq.feet.
