The rent prices in real estate in Elk City, 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 Elk City has had a strong fall during the last 6 months. In March, the average price per sq.feet was $6.08. In the following month the price per sq.feet rose considerably to $7.56. The price for the following two months in (May, June) had a considerable fall of 68 with regard to the previous two months. The price per sq.feet has had a considerable fall of 7 % 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 $5.74 to $0.4 during July, and August.
When referring to the price in Elk City (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $555. In April This price remains at $535. During the following two months (May, June) the average price had a considerable fall of 47 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 160 % 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 $633 they are 23 % more affordable than the average price for Elk City . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at $650.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.71 / sq.feet, with an average $0.79 / sq.feet price in Elk City. The properties with the most affordable average prices have 1 bedroom. They are 0 % more affordable than the average followed by properties with 2 bedrooms with a price at $0.71 / sq.feet.
According to average price per property type in Elk City, "" priced at $647 is 2 % more expensive than the average price ($633) in this city.