The rent prices in real estate in Kingston, 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 Kingston has risen strongly during the last 6 months. In June, the average price per sq.feet was $2.35. In the following month the price per sq.feet fell to $2.01. The price for the following two months in (August, September) had a considerable rise of 5427 %. The price per sq.feet has had a considerable rise of 165 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $60.24 to $99.33 during October, and November.
When referring to the price in Kingston (cities), this has risen considerably in the last 6 months. The rent price in June is $1,859, rising in July till $1,961. During the following two months (August, September) the average price had a considerable rise of 126 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,157 to $2,007.5 in October and November.
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 $2,210 they are 22 % more affordable than the average price for Kingston . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,482.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.72 / sq.feet, with an average $2.16 / sq.feet price in Kingston. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,210 it is 12 % more affordable than the average price in Kingston. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,825 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.72 / sq.feet followed by "Condo" priced at $2.15 / sq.feet. "Apartment" is the most expensive type of property with a $2.41 / sq.feet value followed by "Condo" with an average price of $2.15 / sq.feet.