The rent prices in real estate in Billings, in the Montana region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Billings has barely changed in the last 6 months. In July, the average price per sq.feet was $1.06. In the following month the price per sq.feet rose to $1.12. In the following two months the price per sq.feet has practically remained the same, going from $1.09 to $1.12 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.11 to $1 during November, and December.
When referring to the price in Billings (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,128. In August This price remains at $1,178. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,093.25 to $1,012.5 in November and December.
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 $1,008 they are 26 % more affordable than the average price for Billings . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,270.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.8 / sq.feet, with an average $1 / sq.feet price in Billings. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.02 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,008 it is 24 % more affordable than the average price in Billings. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $992 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.76 / sq.feet followed by "House" priced at $0.94 / sq.feet. "Apartment" is the most expensive type of property with a $1.12 / sq.feet value followed by "House" with an average price of $0.94 / sq.feet.