The rent prices in real estate in Elk City, in the Oklahoma 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 Elk City has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.56. In the following month the price per sq.feet rose considerably to $4.81. The price for the following two months in (December, January) had a considerable rise of 155 %. The price per sq.feet has had a considerable fall of 18 % 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 $3.43 to $0.62 during February, and March.
When referring to the price in Elk City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $688. During November the price went through a considerable rise reaching $5,351. During the following two months (December, January) the average price had a considerable rise of 151 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,796 to $660, which means a 17 % fall.
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 $634 they are 25 % more affordable than the average price for Elk City . The properties with the highest average price have 3 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 4 bedrooms priced at $603.
According to average price per property type in Elk City, "" priced at $598 is 6 % lower than the average price ($634) in this city.