The rent prices in real estate in Apache Junction, in the Arizona region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Apache Junction has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.01. In the following month the price per sq.feet fell considerably to $2.45. The price for the following two months in (December, January) had a considerable fall of 62 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $2.22 to $1.67 during February, and March.
When referring to the price in Apache Junction (cities), this has fallen considerably in the last 6 months. The average price for October is $6,277. During November the price had a considerable fall till $4,975. During the following two months (December, January) the average price had a considerable fall of 34 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,773 to $2,006, which means a 53 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,002 they are 17 % more affordable than the average price for Apache Junction . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,715.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.6 / sq.feet, with an average $1.65 / sq.feet price in Apache Junction. The properties with the most expensive average prices have 1 bedroom. They are 138 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.84 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,002 it is 53 % more affordable than the average price in Apache Junction. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,690 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.64 / sq.feet. "Land" is the most expensive type of property with a $1.69 / sq.feet value followed by "House" with an average price of $1.64 / sq.feet.