The rent prices in real estate in Cedar Rapids, 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 Cedar Rapids has had a strong fall during the last 6 months. In June, the average price per sq.feet was $3.52. In July this price barely changed remaining at $3.43 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 29 with regard to the previous two months. The price per sq.feet has had a considerable fall of 45 % 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 $2.23 to $1.01 during October, and November.
When referring to the price in Cedar Rapids (cities), there have hardly been any changes in the last 6 months. The average price for June is $869. During July the price had a slight fall till $817. In the following two months the average price has hardly changed with regard to the previous two months from $843 to $880. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
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 $942 they are 26 % more affordable than the average price for Cedar Rapids . The properties with the highest average price have 3 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,038.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $1.02 / sq.feet price in Cedar Rapids. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $942 it is 13 % more affordable than the average price in Cedar Rapids. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $817 it is 17 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.