The rent prices in real estate in Fairbanks, in the Alaska region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Fairbanks has fallen during the last 6 months. In October, the average price per sq.feet was $2.15. In November this price barely changed remaining at $2.1 per sq.feet. The price for the following two months in (December, January) fell 89 % 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 $2.01 to $1.65 during February, and March.
When referring to the price in Fairbanks (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,762. In November This price remains at $1,772. During the following two months (December, January) the price has had an average rise from $1,767 to $1,878. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,822.5 and $1,796 between February and March.
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 $1,742 they are 31 % more affordable than the average price for Fairbanks . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,175.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.14 / sq.feet, with an average $1.63 / sq.feet price in Fairbanks. The properties with the most expensive average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at $1.82 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,742 it is 6 % more affordable than the average price in Fairbanks. "Land" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $1,946 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.52 / sq.feet followed by "Land" priced at $1.71 / sq.feet. "Land" is the most expensive type of property with a $1.71 / sq.feet value followed by "House" with an average price of $1.52 / sq.feet.