The rent prices in real estate in Edmond, in the Oklahoma 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 Edmond has had a strong fall during the last 6 months. In April, the average price per sq.feet was $4.11. In the following month the price per sq.feet fell considerably to $2.48. The price for the following two months in (June, July) had a considerable rise of 162 %. The price per sq.feet has had a considerable fall of 21 % 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 $4.32 to $0.93 during August, and September.
When referring to the price in Edmond (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,430. During May the price had a considerable fall till $1,214. During the following two months (June, July) the price has had an average rise from $1,322 to $1,439. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,491 they are 51 % more affordable than the average price for Edmond . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,491.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $0.91 / sq.feet price in Edmond. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,491 it is 29 % more affordable than the average price in Edmond. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,547 it is 14 % 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 $0.9 / sq.feet followed by "Apartment" priced at $0.95 / sq.feet. "Townhouse" is the most expensive type of property with a $29 / sq.feet value followed by "Condo" with an average price of $0.96 / sq.feet.