The rent prices in real estate in Hamilton, in the Ontario region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Hamilton has risen strongly during the last 6 months. In September, the average price per sq.feet was $794.76. In the following month the price per sq.feet rose considerably to $1,001.3. In the following two months the price per sq.feet has practically remained the same, going from $898.03 to $888.91 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $893.47 to $926.83 during January y February
When referring to the price in Hamilton (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,880. In October This price remains at $1,916. In the following two months the average price has hardly changed with regard to the previous two months from $1,898 to $1,847. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,872.5 and $1,925 between January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,985 they are 22 % more affordable than the average price for Hamilton . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,070.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.02 / sq.feet, with an average $964.04 / sq.feet price in Hamilton. The properties with the most affordable average prices have 1 bedroom. They are 100 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.88 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,985 it is 6 % more affordable than the average price in Hamilton. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,927 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.09 / sq.feet followed by "Commercial" priced at $888 / sq.feet. "House" is the most expensive type of property with a $1,265.44 / sq.feet value followed by "Commercial" with an average price of $888 / sq.feet.