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 November, the average price per sq.feet was $3. In December this price barely changed remaining at $3 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $2.25 to during March, and April.
When referring to the price in Arkansas City (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $510. In December This price remains at $510. In the following two months the average price has hardly changed with regard to the previous two months from $510 to $502. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $691 they are 34 % more affordable than the average price for Arkansas City . The properties with the highest average price have 3 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 4 bedrooms priced at $543.
According to average price per property type in Arkansas City, "" priced at $543 is 21 % lower than the average price ($691) in this city.