The rent prices in real estate in Duluth, in the Georgia 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 Duluth has fallen during the last 6 months. In July, the average price per sq.feet was $1.67. In August this price barely changed remaining at $1.65 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.66 to $1.66 per sq.feet. The price per sq.feet has fallen 89 % 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 $1.66 to $1.47 during November, and December.
When referring to the price in Duluth (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,867. In August This price remains at $1,920. In the following two months the average price has hardly changed with regard to the previous two months from $1,893.5 to $1,813.5. 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 $1,853.5 to $1,670.5 in November and December.
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 $1,824 they are 19 % more affordable than the average price for Duluth . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,192.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $1.56 / sq.feet price in Duluth. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.6 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,824 it is 35 % more affordable than the average price in Duluth. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,860 it is 19 % 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 $1.17 / sq.feet followed by "Apartment" priced at $1.67 / sq.feet. "Office" is the most expensive type of property with a $2.15 / sq.feet value followed by "Condo" with an average price of $1.77 / sq.feet.