The rent prices in real estate in Nepean, 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 Nepean has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.6. In the following month the price per sq.feet rose considerably to $4.53. The price for the following two months in (December, January) had a considerable rise of 142 %. 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 $3.7 to $3.56 during February y March
When referring to the price in Nepean (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,127. During November the price went through a considerable rise reaching $2,205. During the following two months (December, January) the average price had a considerable rise of 137 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 123 % during the last two months.
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 $2,443 they are 12 % more affordable than the average price for Nepean . The properties with the highest average price have 4 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,588.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.11 / sq.feet, with an average $3.49 / sq.feet price in Nepean. The properties with the most expensive average prices have 1 bedroom. They are 81 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.93 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,443 it is 3 % more affordable than the average price in Nepean. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $2,366 it is 8 % 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 $2.93 / sq.feet followed by "Apartment" priced at $3.64 / sq.feet. "Apartment" is the most expensive type of property with a $3.64 / sq.feet value followed by "House" with an average price of $2.93 / sq.feet.