The rent prices in real estate in Elmendorf, in the Texas 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 Elmendorf has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.29. In November this price barely changed remaining at $1.24 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $1.16 to $0.95 during February, and March.
When referring to the price in Elmendorf (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,646. In November This price remains at $1,575. In the following two months the average price has hardly changed with regard to the previous two months from $1,610.5 to $1,587.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,599 to $1,478 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,513 they are 51 % more affordable than the average price for Elmendorf . The properties with the highest average price have 1 bedroom, Their price is 4 % more expensive than the average. After that we have properties with 2 bedrooms priced at $736.
According to average price per property type in Elmendorf, "" priced at $1,574 is 4 % more expensive than the average price ($1,513) in this city.