The rent prices in real estate in Great Falls, in the Montana 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 Great Falls has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.97. In March this price barely changed remaining at $0.99 per sq.feet. The price for the following two months in (April, May) had a considerable rise of 118 %. The price per sq.feet has had a considerable rise of 124 % 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 $1.07 to $1.33 during June, and July.
When referring to the price in Great Falls (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $929. In March This price remains at $904. In the following two months the average price has hardly changed with regard to the previous two months from $916.5 to $905. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $1,062 they are 23 % more affordable than the average price for Great Falls . The properties with the highest average price have 3 bedrooms, Their price is 182 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,424.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $1.45 / sq.feet price in Great Falls. The properties with the most expensive average prices have 4 bedrooms. They are 934 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.17 / sq.feet.
According to average price per property type in Great Falls, "" priced at $820 is 23 % lower than the average price ($1,062) in this city.