The rent prices in real estate in Biloxi, in the Mississippi 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 Biloxi has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.07. In January this price barely changed remaining at $1.04 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 743 %. The price per sq.feet has had a considerable rise of 117 % 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 $4.45 to $5.18 during April, and May.
When referring to the price in Biloxi (cities), this has risen considerably in the last 6 months. In our first sample month during December, the average price is $1,144. In January This price remains at $1,185. During the following two months (February, March) the average price had a considerable rise of 133 % 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 94 %, going from $1,359.25 to $1,283 in 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 $866 they are 12 % more affordable than the average price for Biloxi . The properties with the highest average price have 2 bedrooms, Their price is 129 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,866.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1011 % more expensive than the average price of ($9 / sq.feet) in Biloxi. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1011 % more expensive than the average value aforementioned.
According to average price per property type in Biloxi, "" priced at $728 is 16 % lower than the average price ($866) in this city.