The rent prices in real estate in Frankford, in the Delaware 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 Frankford has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.56. In the following month the price per sq.feet fell to $1.45. The price for the following two months in (November, December) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $1.41 to $1.13 during January, and February.
When referring to the price in Frankford (cities), this has fallen in the last 6 months. The average price for September is $2,850. During October the price had a considerable fall till $2,372. In the following two months the average price has hardly changed with regard to the previous two months from $2,611 to $2,524. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,567.5 to $2,353 in January and February.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 58 % more affordable than the average price of $957 in Frankford. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 58 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1627 % more expensive than the average price of ($19 / sq.feet) in Frankford. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1627 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,306 it is 59 % more affordable than the average price in Frankford. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $952 it is 58 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $14 / sq.feet followed by "House" priced at $19 / sq.feet. "House" is the most expensive type of property with a $19 / sq.feet value followed by "Land" with an average price of $14 / sq.feet.