The rent prices in real estate in Corbin, 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 Corbin has had a strong fall during the last 6 months. In July, the average price per sq.feet was $7.41. In the following month the price per sq.feet fell considerably to $0.59. The price for the following two months in (September, October) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable rise of 215 % 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 $2.33 to $5 during November, and December.
When referring to the price in Corbin (cities), this has fallen considerably in the last 6 months. The average price for July is $967. During August the price had a slight fall till $857. During the following two months (September, October) the average price had a considerable fall of 78 % 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 increased 112 % 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 $945 they are 50 % more affordable than the average price for Corbin . The properties with the lowest average price have 3 bedrooms, Their price is 26 % more affordable than the average. After that we have properties with 2 bedrooms priced at $666.
According to average price per property type in Corbin, "" priced at $704 is 26 % lower than the average price ($945) in this city.