The rent prices in real estate in El Dorado, in the Arkansas 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 El Dorado has had a strong fall during the last 6 months. In November, the average price per sq.feet was $5. In the following month the price per sq.feet fell considerably to $4. The price for the following two months in (January, February) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $3.25 to $0.75 during March, and April.
When referring to the price in El Dorado (cities), this has risen in the last 6 months. The rent price in November is $654, rising in December till $729. In the following two months the average price has hardly changed with regard to the previous two months from $691.5 to $672.5. Based on an analysis of the first four prices and the last two months the average price has increased 115 % 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 $750 they are 52 % more affordable than the average price for El Dorado . The properties with the lowest average price have 3 bedrooms, Their price is 4 % more affordable than the average. After that we have properties with 4 bedrooms priced at $615.
According to average price per property type in El Dorado, "" priced at $615 is 18 % lower than the average price ($750) in this city.