The rent prices in real estate in Hot Springs National Park, in the Arkansas 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 Hot Springs National Park has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.98. In the following month the price per sq.feet fell considerably to $1.66. The price for the following two months in (December, January) had a considerable fall of 52 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $1.38 to during February, and March.
When referring to the price in Hot Springs National Park (cities), this has risen in the last 6 months. The average price for October is $1,011. During November the price had a slight fall till $916. During the following two months (December, January) the average price had a considerable fall of 64 % 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 had a strong increase of 224 % 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 $2,047 they are 59 % more affordable than the average price for Hot Springs National Park . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,861.
According to average price per property type in Hot Springs National Park, "" priced at $538 is 74 % lower than the average price ($2,047) in this city.