The rent prices in real estate in Broken Arrow, in the Oklahoma 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 Broken Arrow has had a strong fall during the last 6 months. In January, the average price per sq.feet was $12.93. In the following month the price per sq.feet rose considerably to $25.47. The price for the following two months in (March, April) had a considerable fall of 51 with regard to the previous two months. The price per sq.feet has had a considerable fall of 7 % 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 $14.47 to $1.07 during May, and June.
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 January, the average price is $1,198. In February This price remains at $1,242. In the following two months the average price has hardly changed with regard to the previous two months from $1,220 to $1,182. 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 $1,201 and $1,210.5 between May and June.
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 $1,276 they are 22 % more affordable than the average price for Broken Arrow . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,596.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $1.06 / sq.feet price in Broken Arrow. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,276 it is 26 % 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 $1,430 it is 40 % 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 $0.98 / sq.feet followed by "Apartment" priced at $1.11 / sq.feet. "Condo" is the most expensive type of property with a $94 / sq.feet value followed by "Apartment" with an average price of $1.11 / sq.feet.