The rent prices in real estate in Covington, in the Louisiana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Covington has fallen during the last 6 months. In October, the average price per sq.feet was $1.48. In November this price barely changed remaining at $1.5 per sq.feet. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $1.45 to $1.32 during February, and March.
When referring to the price in Covington (cities), this has fallen considerably in the last 6 months. The average price for October is $1,997. During November the price had a slight fall till $1,744. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,777.75 to $1,596 in February and March.
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 $1,599 they are 20 % more affordable than the average price for Covington . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,848.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.32 / sq.feet price in Covington. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.3 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,599 it is 15 % 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 "Condo". At a price of $1,450 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.24 / sq.feet followed by "Land" priced at $1.44 / sq.feet. "Condo" is the most expensive type of property with a $1.69 / sq.feet value followed by "Land" with an average price of $1.44 / sq.feet.