The rent prices in real estate in Bentonville, 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 Bentonville has had a strong fall during the last 6 months. In July, the average price per sq.feet was $4.78. In the following month the price per sq.feet rose considerably to $6.8. The price for the following two months in (September, October) had a considerable fall of 19 with regard to the previous two months. The price per sq.feet has had a considerable rise of 155 % 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 $3.44 to $5.34 during November, and December.
When referring to the price in Bentonville (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,413. In August This price remains at $1,421. In the following two months the average price has hardly changed with regard to the previous two months from $1,417 to $1,414. 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 $1,415.5 and $1,407 between November and December.
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 $1,435 they are 19 % more affordable than the average price for Bentonville . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,571.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.88 / sq.feet, with an average $9.61 / sq.feet price in Bentonville. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $9.32 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,435 it is 17 % more affordable than the average price in Bentonville. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,414 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.97 / sq.feet followed by "Condo" priced at $1.48 / sq.feet. "Apartment" is the most expensive type of property with a $18.12 / sq.feet value followed by "Condo" with an average price of $1.48 / sq.feet.