The rent prices in real estate in Altoona, in the Pennsylvania 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 Altoona has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.11. In the following month the price per sq.feet rose considerably to $1.45. The price for the following two months in (March, April) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 44 % 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 $1.14 to $0.5 during May, and June.
When referring to the price in Altoona (cities), this has risen considerably in the last 6 months. The rent price in January is $723, rising in February till $765. During the following two months (March, April) the average price had a considerable rise of 120 % with regard to the previous two months. 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 $820.25 and $833 between May and June.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $755 they are 34 % more affordable than the average price for Altoona . The properties with the highest average price have 2 bedrooms, Their price is 273 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,007.
According to average price per property type in Altoona, "" priced at $1,007 is 33 % more expensive than the average price ($755) in this city.