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 $5.45. In the following month the price per sq.feet fell considerably to $0.88. The price for the following two months in (September, October) had a considerable fall of 32 with regard to the previous two months. The price per sq.feet has had a considerable fall of 50 % 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 $2.09 to $1.03 during November, and December.
When referring to the price in Bentonville (cities), this has fallen in the last 6 months. The average price for July is $1,439. During August the price had a slight fall till $1,274. In the following two months the average price has hardly changed with regard to the previous two months from $1,356.5 to $1,422.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $1,389.5 to $1,319 in November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,330 they are 24 % more affordable than the average price for Bentonville . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,560.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $1.06 / sq.feet price in Bentonville. The properties with the most expensive average prices have 1 bedroom. They are 65 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,330 it is 8 % more affordable than the average price in Bentonville. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,318 it is 22 % 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 $0.8 / sq.feet followed by "Apartment" priced at $1.21 / sq.feet. "Duplex" is the most expensive type of property with a $11 / sq.feet value followed by "Apartment" with an average price of $1.21 / sq.feet.