The rent prices in real estate in Arkansas City, in the Kansas 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 Arkansas City has had a strong fall during the last 6 months. In October, the average price per sq.feet was $7.65. In the following month the price per sq.feet fell considerably to $4.65. The price for the following two months in (December, January) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $3.45 to $0.7 during February, and March.
When referring to the price in Arkansas City (cities), this has fallen considerably in the last 6 months. The average price for October is $10,603. During November the price had a considerable fall till $6,209. During the following two months (December, January) the average price had a considerable fall of 8 % 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 $4,536.25 to $675, which means a 15 % fall.
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 $699 they are 37 % more affordable than the average price for Arkansas City . The properties with the lowest average price have 3 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 4 bedrooms priced at $528.
According to average price per property type in Arkansas City, "" priced at $528 is 24 % lower than the average price ($699) in this city.