The rent prices in real estate in Grand Prairie, 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 Grand Prairie has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.31. In November this price barely changed remaining at $1.37 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 224 %. The price per sq.feet has had a considerable rise of 437 % 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 $2.17 to $9.49 during February, and March.
When referring to the price in Grand Prairie (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,266. In November This price remains at $1,292. In the following two months the average price has hardly changed with regard to the previous two months from $1,279 to $1,337.5. 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 $1,308.25 and $1,251.5 between February and March.
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 $1,200 they are 13 % more affordable than the average price for Grand Prairie . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,858.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $7.32 / sq.feet price in Grand Prairie. The properties with the most affordable average prices have 1 bedroom. They are 18 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.93 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,200 it is 3 % more affordable than the average price in Grand Prairie. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,773 it is 66 % 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 $1.1 / sq.feet followed by "Apartment" priced at $1.99 / sq.feet. "Condo" is the most expensive type of property with a $89.36 / sq.feet value followed by "Townhouse" with an average price of $61.42 / sq.feet.