The rent prices in real estate in Burlington, in the Kentucky 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 March, the average price per sq.feet was $55.8. In April this price barely changed remaining at $54.23 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has risen 113 % 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 $27.76 to $31.5 during July, and August.
When referring to the price in Burlington (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $1,057. In April This price remains at $1,088. During the following two months (May, June) the average price had a considerable rise of 135 % 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 $1,259 and $1,197 between July and August.
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 $939 they are 16 % more affordable than the average price for Burlington . The properties with the highest average price have 4 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,586.
According to average price per property type in Burlington, "" priced at $1,208 is 29 % more expensive than the average price ($939) in this city.