The rent prices in real estate in Big Spring, in the Texas region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Big Spring has fallen during the last 6 months. In July, the average price per sq.feet was $1.18. In August this price barely changed remaining at $1.22 per sq.feet. The price for the following two months in (September, October) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $1.1 to $1 during November, and December.
When referring to the price in Big Spring (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is $1,495. In August This price remains at $1,489. During the following two months (September, October) the average price had a considerable fall of 70 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,268 to $1,072.5, which means a 85 % fall.
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 $1,032 they are 34 % more affordable than the average price for Big Spring . The properties with the highest average price have 3 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,043.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.81 / sq.feet, with an average $0.96 / sq.feet price in Big Spring. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.97 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,032 it is 27 % more affordable than the average price in Big Spring. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,445 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.85 / sq.feet followed by "House" priced at $1.11 / sq.feet. "House" is the most expensive type of property with a $1.11 / sq.feet value followed by "Apartment" with an average price of $0.85 / sq.feet.