The rent prices in real estate in Fort Smith, in the Arkansas region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Fort Smith has risen during the last 6 months. In December, the average price per sq.feet was $0.81. In January this price barely changed remaining at $0.85 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.83 to $0.86 per sq.feet. The price per sq.feet has risen 112 % 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 $0.84 to $0.94 during April, and May.
When referring to the price in Fort Smith (cities), there have hardly been any changes in the last 6 months. The rent price in December is $875, rising in January till $971. In the following two months the average price has hardly changed with regard to the previous two months from $923 to $921. 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 $922 and $889.5 between April and May.
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 $968 they are 33 % more affordable than the average price for Fort Smith . The properties with the highest average price have 4 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,386.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.77 / sq.feet, with an average $0.94 / sq.feet price in Fort Smith. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.92 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $968 it is 28 % more affordable than the average price in Fort Smith. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $906 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.94 / sq.feet followed by "Condo" priced at $1.19 / sq.feet. "Condo" is the most expensive type of property with a $1.19 / sq.feet value followed by "Apartment" with an average price of $0.94 / sq.feet.