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 October, the average price per sq.feet was $1.56. In November this price barely changed remaining at $1.51 per sq.feet. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 85 % 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 $1.43 to $1.22 during February, and March.
When referring to the price in Bentonville (cities), this has risen in the last 6 months. The rent price in October is $1,640, rising in November till $1,752. In the following two months the average price has hardly changed with regard to the previous two months from $1,696 to $1,721. 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 $1,708.5 and $1,755 between February and March.
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 $1,758 they are 23 % more affordable than the average price for Bentonville . The properties with the highest average price have 4 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,839.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.01 / sq.feet, with an average $1.2 / sq.feet price in Bentonville. The properties with the most expensive average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,758 it is 15 % more affordable than the average price in Bentonville. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $2,045 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.21 / sq.feet. "Land" is the most expensive type of property with a $1.58 / sq.feet value followed by "Condo" with an average price of $1.49 / sq.feet.