The rent prices in real estate in Galveston, in the Texas 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 Galveston has risen during the last 6 months. In May, the average price per sq.feet was $1.31. In June this price barely changed remaining at $1.35 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.33 to $1.31 per sq.feet. The price per sq.feet has risen 115 % 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 $1.32 to $1.51 during September, and October.
When referring to the price in Galveston (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,229. In June This price remains at $1,202. During the following two months (July, August) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,256 they are 19 % more affordable than the average price for Galveston . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,736.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.49 / sq.feet price in Galveston. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.28 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,256 it is 19 % more affordable than the average price in Galveston. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,753 it is 54 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.39 / sq.feet followed by "Land" priced at $1.81 / sq.feet. "Townhouse" is the most expensive type of property with a $128.57 / sq.feet value followed by "Condo" with an average price of $7 / sq.feet.