The rent prices in real estate in Gillette, in the Wyoming 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 Gillette has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.37. In the following month the price per sq.feet fell considerably to $1.09. The price for the following two months in (November, December) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $1.18 to $1.12 during January, and February.
When referring to the price in Gillette (cities), this has risen in the last 6 months. In our first sample month during September, the average price is $1,125. In October This price remains at $1,147. During the following two months (November, December) the price has had an average rise from $1,136 to $1,211. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % 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 $1,268 they are 19 % more affordable than the average price for Gillette . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,232.
According to average price per property type in Gillette, "" priced at $1,040 is 18 % lower than the average price ($1,268) in this city.