The rent prices in real estate in Broken Arrow, in the Oklahoma 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 Broken Arrow has risen strongly during the last 6 months. In September, the average price per sq.feet was $12.18. In October this price barely changed remaining at $12.13 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $12.15 to $11.58 per sq.feet. The price per sq.feet has had a considerable rise of 162 % 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 $11.87 to $19.2 during January, and February.
When referring to the price in Broken Arrow (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,234. In October This price remains at $1,244. In the following two months the average price has hardly changed with regard to the previous two months from $1,239 to $1,240. 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 $1,239.5 and $1,220 between January and February.
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 $1,242 they are 15 % more affordable than the average price for Broken Arrow . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,496.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.85 / sq.feet, with an average $25.47 / sq.feet price in Broken Arrow. The properties with the most expensive average prices have 3 bedrooms. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at $33.8 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,242 it is 24 % more affordable than the average price in Broken Arrow. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,434 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.84 / sq.feet followed by "Apartment" priced at $17.91 / sq.feet. "Condo" is the most expensive type of property with a $95.58 / sq.feet value followed by "Apartment" with an average price of $17.91 / sq.feet.