The rent prices in real estate in Big Spring, in the Texas region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Big Spring has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.96. In the following month the price per sq.feet rose to $1.03. The price for the following two months in (February, March) had a considerable rise of 120 %. The price per sq.feet has risen 111 % 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 $1.09 to $1.22 during April, and May.
When referring to the price in Big Spring (cities), this has risen in the last 6 months. The average price during our first sample month during December, is $1,032. During January the price went through a considerable rise reaching $1,292. During the following two months (February, March) the average price fell 92 % 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 $1,118.25 and $1,162.5 between April and May.
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 $1,222 they are 39 % more affordable than the average price for Big Spring . The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,397.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.25 / sq.feet price in Big Spring. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.28 / sq.feet.
According to average price per property type in Big Spring, "" priced at $750 is 39 % lower than the average price ($1,222) in this city.