Property prices for rent in Fayetteville (Arkansas)
The rent prices in real estate in Fayetteville, in the Arkansas region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Fayetteville has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.98. In the following month the price per sq.feet rose considerably to $1.35. The price for the following two months in (April, May) had a considerable rise of 249 %. The price per sq.feet has had a considerable rise of 317 % 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 $2.03 to $6.45 during June, and July.
When referring to the price in Fayetteville (cities), this has risen in the last 6 months. The rent price in February is $1,124, rising in March till $1,270. In the following two months the average price has hardly changed with regard to the previous two months from $1,197 to $1,250.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $1,335 they are 45 % more affordable than the average price for Fayetteville . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,390.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.18 / sq.feet, with an average $7.24 / sq.feet price in Fayetteville. The properties with the most expensive average prices have 4 bedrooms. They are 24 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.39 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,335 it is 34 % more affordable than the average price in Fayetteville. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,294 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.91 / sq.feet followed by "House" priced at $0.98 / sq.feet. "Office" is the most expensive type of property with a $10 / sq.feet value followed by "Land" with an average price of $8.35 / sq.feet.
