The rent prices in real estate in Fallon, in the Nevada 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 Fallon has had a strong fall during the last 6 months. In July, the average price per sq.feet was $8.63. In the following month the price per sq.feet fell considerably to $1.17. The price for the following two months in (September, October) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable rise of 170 % 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 $3.03 to $5.14 during November, and December.
When referring to the price in Fallon (cities), this has fallen in the last 6 months. The average price for July is $1,406. During August the price had a slight fall till $1,331. In the following two months the average price has hardly changed with regard to the previous two months from $1,368.5 to $1,345.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,357 to $1,132.5, which means a 83 % 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 $1,411 they are 42 % more affordable than the average price for Fallon . The properties with the lowest average price have 2 bedrooms, Their price is 19 % more affordable than the average. After that we have properties with 1 bedroom priced at $816.
According to average price per property type in Fallon, "" priced at $1,137 is 19 % lower than the average price ($1,411) in this city.