Property prices for rent in Washington region

The price per sq.feet in Washington has risen in the last 6 months. During November, the average price per sq.feet was $2.26. In December the price barely changed remaining at $2.3 per sq.feet. The following two months (January, February) went through a rise of 105 % in the rent price per sq.feet rising from $2.28 to $2.4 per sq.feet. In the last two months, the price per sq.feet has risen 109 %. This has been obtained by comparing the price $2.34 for the first four months of the sample with regard to the previous 4 months and the price $2.57 per sq.feet for the last two months (March, April).

When referring to the price in Washington(region), this has risen in the last 6 months. The average rent price in November is $1,865. In December the price rose to $2,094. In the following two months the average price practically remained the same compared to the previous two going from $1,979.5 to $1,927. During the last two months the average price has not gone through any changes and has gone from $1,953.25 to $1,929 during March and 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 7 % cheaper than the average price in Washington followed by those with 2 with an average price of $1,984. The most expensive properties have 4 bedrooms. They are 45 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,309.

Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.7 / sq.feet being $2.49 / sq.feet the average for Washington. The properties with the highest average price are those with 1 bedroom. These are 15 % more expensive than the average followed by those with 2 bedrooms with a price of $2.23 / 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 $1,872 it is 52 % cheaper than the average in Washington. This is followed by "Commercial" with a cost of $1,589. The most expensive property type is "Condo" and is 24 % more costly than the average, followed by "Townhouse" with a cost of $2,030.

Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1 / sq.feet, followed by "Townhouse" with a price of $1.74 / sq.feet. "House" with an average price of $2.63 / sq.feet is the most expensive type of property followed by "Land" at a price of $2.23 / sq.feet.