The rent prices in real estate in Hernando, in the Mississippi 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 Hernando has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.88. In the following month the price per sq.feet fell considerably to $1.49. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 6003 % 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 $1.59 to $95.15 during February, and March.
When referring to the price in Hernando (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,988. In November This price remains at $2,051. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $2,222 they are 59 % more affordable than the average price for Hernando . The properties with the lowest average price have 4 bedrooms, Their price is 26 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,334.
According to average price per property type in Hernando, "" priced at $1,526 is 31 % lower than the average price ($2,222) in this city.