The rent prices in real estate in Bay City, in the Texas 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 City has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.04. In March this price barely changed remaining at $1.06 per sq.feet. The price for the following two months in (April, May) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 51 % 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 to $0.5 during June, and July.
When referring to the price in Bay City (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,070. In March This price remains at $1,054. In the following two months the average price has hardly changed with regard to the previous two months from $1,062 to $1,045. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $1,158 they are 49 % more affordable than the average price for Bay City . The properties with the highest average price have 3 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,097.
According to average price per property type in Bay City, "" priced at $838 is 28 % lower than the average price ($1,158) in this city.