The rent prices in real estate in Austin, in the Texas region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Austin has barely changed in the last 6 months. In November, the average price per sq.feet was $1.7. In December this price barely changed remaining at $1.67 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.68 to $1.71 per sq.feet. 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 $1.69 to $1.71 during March y April
When referring to the price in Austin (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,387. In December This price remains at $1,425. During the following two months (January, February) the price has had an average rise from $1,406 to $1,478. 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 $1,442 and $1,447.5 between March and April.
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 $1,453 they are 9 % more affordable than the average price for Austin . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,978.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.68 / sq.feet price in Austin. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.56 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,453 it is 1 % more expensive than the average price in Austin. "Townhouse" is seen as the second most expensive property type. The most expensive property type is "Commercial" followed by "Condo". At a price of $2,233 it is 131 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1.41 / sq.feet followed by "Townhouse" priced at $1.67 / sq.feet. "Commercial" is the most expensive type of property with a $8 / sq.feet value followed by "Condo" with an average price of $2.02 / sq.feet.