The rent prices in real estate in Grove, in the Oklahoma 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 Grove has had a strong fall during the last 6 months. In December, the average price per sq.feet was $38.5. In the following month the price per sq.feet fell considerably to $1.88. The price for the following two months in (February, March) had a considerable fall of 54 with regard to the previous two months. The price per sq.feet has had a considerable fall of 58 % 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 $15.5 to $9.05 during April, and May.
When referring to the price in Grove (cities), this has fallen in the last 6 months. The average price for December is $1,125. During January the price had a considerable fall till $611. During the following two months (February, March) the average price had a considerable rise of 151 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $1,091.5 to $949.5 in April and May.
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 $657 they are 19 % more affordable than the average price for Grove . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $664.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3 / sq.feet, with an average $5.25 / sq.feet price in Grove. The properties with the most expensive average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 3 bedrooms with a price at $3 / sq.feet.
According to average price per property type in Grove, "" priced at $607 is 8 % lower than the average price ($657) in this city.