The rent prices in real estate in Butte, in the Montana 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 Butte has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.15. In the following month the price per sq.feet fell considerably to $1.7. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has had a considerable fall of 74 % 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 $1.67 to $1.24 during February, and March.
When referring to the price in Butte (cities), this has fallen considerably in the last 6 months. The average price for October is $2,503. During November the price had a considerable fall till $1,475. During the following two months (December, January) the average price had a considerable fall of 69 % 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 $1,683.5 to $1,396.5, which means a 83 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,347 they are 2 % more affordable than the average price for Butte . The properties with the highest average price have 1 bedroom, Their price is 582 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,729.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $1.24 / sq.feet, with an average $1.22 / sq.feet price in Butte. The properties with the most expensive average prices have 1 bedroom. They are 1220 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.26 / sq.feet.
According to average price per property type in Butte, "" priced at $931 is 31 % lower than the average price ($1,347) in this city.