The rent prices in real estate in Gramercy, in the Louisiana 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 Gramercy has had a strong fall during the last 6 months. In December, the average price per sq.feet was $4. In January this price barely changed remaining at $4 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $3.5 to $3 during April, and May.
When referring to the price in Gramercy (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $9,020. In January This price remains at $9,020. In the following two months the average price has hardly changed with regard to the previous two months from $9,020 to $9,010. 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 $9,015 and $9,010 between April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $9,010 they are 2 % more affordable than the average price for Gramercy . The properties with the highest average price have 1 bedroom, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $8,787.
According to average price per property type in Gramercy, "" priced at $8,787 is 2 % lower than the average price ($9,010) in this city.