Property prices for rent in Bay (Arkansas)
The rent prices in real estate in Bay, in the Arkansas 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 Bay has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3. In November this price barely changed remaining at $3 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable fall of 36 % 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 $2.75 to $1 during February, and March.
When referring to the price in Bay (cities), this has fallen in the last 6 months. The average price during our first sample month during October, is $3,360. During November the price went through a considerable rise reaching $3,888. In the following two months the average price has hardly changed with regard to the previous two months from $3,624 to $3,634. During the last two months the average price has fallen greatly compared to the previous four going from $3,629 to $2,338, which means a 64 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,296 they are 91 % more expensive than the average price for Bay. Following this ranking we find those properties with 2 at an average price of $3,339. The properties with the highest average price have 4 bedrooms, Their price is 291 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,267.
According to average price per property type in Bay, "" priced at $2,760 is 113 % more expensive than the average price ($1,296) in this city.
