The rent prices in real estate in Burlington, in the Iowa 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 Burlington has had a strong fall during the last 6 months. In April, the average price per sq.feet was $0.88. In the following month the price per sq.feet fell considerably to $0.7. The price for the following two months in (June, July) had a considerable fall of 38 with regard to the previous two months. The price per sq.feet has had a considerable rise of 130 % 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 $0.55 to $0.71 during August, and September.
When referring to the price in Burlington (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $706. In May This price remains at $704. During the following two months (June, July) the average price had a considerable rise of 116 % with regard to the previous two months. 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 $761.25 and $729 between August and September.
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 $694 they are 24 % more affordable than the average price for Burlington . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $726.
According to average price per property type in Burlington, "" priced at $870 is 25 % more expensive than the average price ($694) in this city.