The rent prices in real estate in Chesapeake, in the Ohio 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 Chesapeake has had a strong fall during the last 6 months. In December, the average price per sq.feet was $7. In the following month the price per sq.feet rose considerably to $9. The price for the following two months in (February, March) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $6.25 to during April, and May.
When referring to the price in Chesapeake (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $642. In January This price remains at $647. In the following two months the average price has hardly changed with regard to the previous two months from $644.5 to $634. During the last two months the average price has fallen greatly compared to the previous four going from $639.25 to $310.5, which means a 49 % fall.