The rent prices in real estate in Erlanger, in the Kentucky 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 Erlanger has had a strong fall during the last 6 months. In January, the average price per sq.feet was $10. In the following month the price per sq.feet fell considerably to . The price for the following two months in (March, April) had a considerable fall of 19 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $2.97 to during May, and June.
When referring to the price in Erlanger (cities), this has fallen in the last 6 months. The average price for January is $954. During February the price had a slight fall till $892. During the following two months (March, April) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $893.5 to $803 in May and June.
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 $808 they are 9 % more affordable than the average price for Erlanger . The properties with the highest average price have 3 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 4 bedrooms priced at $780.
According to average price per property type in Erlanger, "" priced at $780 is 3 % lower than the average price ($808) in this city.