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.