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 May, the average price per sq.feet was $8. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (July, August) had a considerable fall of 18 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 $2.66 to during September, and October.
When referring to the price in Fallon (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $853. During June the price went through a considerable rise reaching $1,409. During the following two months (July, August) the average price had a considerable rise of 166 % 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 89 %, going from $1,506.75 to $1,341.5 in September and October.
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 $1,314 they are 39 % more affordable than the average price for Fallon . The properties with the lowest average price have 2 bedrooms, Their price is 15 % more affordable than the average. After that we have properties with 1 bedroom priced at $806.
According to average price per property type in Fallon, "" priced at $1,117 is 15 % lower than the average price ($1,314) in this city.