The rent prices in real estate in Covington, in the Georgia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Covington has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.85. In March this price barely changed remaining at $0.82 per sq.feet. The price for the following two months in (April, May) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 760 % 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 $0.81 to $6.18 during June, and July.
When referring to the price in Covington (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,309. In March This price remains at $1,339. In the following two months the average price has hardly changed with regard to the previous two months from $1,324 to $1,338. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,331 to $1,242 in June and July.
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 $1,192 they are 30 % more affordable than the average price for Covington . The properties with the highest average price have 4 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,309.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $11.55 / sq.feet price in Covington. The properties with the most expensive average prices have 4 bedrooms. They are 499 % more expensive than the average followed by properties with 2 bedrooms with a price at $10.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,192 it is 17 % more affordable than the average price in Covington. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,294 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $7.84 / sq.feet followed by "House" priced at $16.92 / sq.feet. "House" is the most expensive type of property with a $16.92 / sq.feet value followed by "Apartment" with an average price of $7.84 / sq.feet.