The rent prices in real estate in Clear Lake, 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 Clear Lake has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.12. In the following month the price per sq.feet fell considerably to $0.89. In the following two months the price per sq.feet has practically remained the same, going from $1.5 to $1.47 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.49 to $1.33 during February, and March.
When referring to the price in Clear Lake (cities), this has risen considerably in the last 6 months. The average price for October is $850. During November the price had a considerable fall till $708. During the following two months (December, January) the average price had a considerable rise of 254 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % 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 $1,901 they are 63 % more affordable than the average price for Clear Lake . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 2 bedrooms priced at $863.
With regard to the average prices per sq.feet those properties with 1 bedroom are 25 % more affordable than the average price of ($1 / sq.feet) in Clear Lake. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 25 % more affordable than the average value aforementioned.
According to average price per property type in Clear Lake, "" priced at $1,029 is 46 % lower than the average price ($1,901) in this city.