The rent prices in real estate in Fort Worth, in the Texas 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 Fort Worth has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.46. In the following month the price per sq.feet rose considerably to $6.22. The price for the following two months in (January, February) had a considerable rise of 175 %. The price per sq.feet has had a considerable fall of 40 % 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 $5.28 to $2.1 during March, and April.
When referring to the price in Fort Worth (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,486. In December This price remains at $1,475. In the following two months the average price has hardly changed with regard to the previous two months from $1,480.5 to $1,411.5. 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 $1,446 and $1,404.5 between March and April.
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 $1,461 they are 20 % more affordable than the average price for Fort Worth . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,953.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.5 / sq.feet price in Fort Worth. The properties with the most expensive average prices have 1 bedroom. They are 83 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,461 it is 28 % more affordable than the average price in Fort Worth. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,776 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.35 / sq.feet followed by "House" priced at $1.5 / sq.feet. "Townhouse" is the most expensive type of property with a $116.77 / sq.feet value followed by "Duplex" with an average price of $1.67 / sq.feet.