The rent prices in real estate in Boonville, in the Indiana 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 Boonville has had a strong fall during the last 6 months. In February, the average price per sq.feet was $0.58. In the following month the price per sq.feet rose considerably to $0.75. The price for the following two months in (April, May) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $0.33 to $0.31 during June, and July.
When referring to the price in Boonville (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $640. In March This price remains at $658. During the following two months (April, May) the average price had a considerable rise of 120 % 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 $712.75 to $500.5, which means a 70 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $500 they are 11 % more expensive than the average price for Boonville. Following this ranking we find those properties with 2 at an average price of $1,011. The properties with the highest average price have 2 bedrooms, Their price is 102 % more expensive than the average. After that we have properties with 1 bedroom priced at $556.
According to average price per property type in Boonville, "" priced at $1,011 is 102 % more expensive than the average price ($500) in this city.