The rent prices in real estate in Big Spring, 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 Big Spring has had a strong fall during the last 6 months. In February, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (April, May) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1.32 to $1.14 during June, and July.
When referring to the price in Big Spring (cities), this has fallen considerably in the last 6 months. The average price for February is $2,209. During March the price had a considerable fall till $967. During the following two months (April, May) the average price had a considerable fall of 68 % with regard to the previous two months. 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 $1,332.75 and $1,347.5 between June and July.
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 $1,495 they are 62 % more affordable than the average price for Big Spring . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,573.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 15 % more affordable than the average price of ($1 / sq.feet) in Big Spring. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 15 % more affordable than the average value aforementioned.
According to average price per property type in Big Spring, "" priced at $1,455 is 3 % lower than the average price ($1,495) in this city.