The rent prices in real estate in Hot Springs National Park, in the Arkansas 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 Hot Springs National Park has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.76. In November this price barely changed remaining at $0.77 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 115 %. The price per sq.feet has had a considerable rise of 2979 % 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 $0.82 to $24.5 during February, and March.
When referring to the price in Hot Springs National Park (cities), this has risen in the last 6 months. The rent price in October is $848, rising in November till $948. In the following two months the average price has hardly changed with regard to the previous two months from $898 to $866.5. 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 $882.25 and $912 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 $1,171 they are 47 % more affordable than the average price for Hot Springs National Park . The properties with the highest average price have 3 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,648.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 19 % more expensive than the average price of ($51 / sq.feet) in Hot Springs National Park. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 19 % more expensive than the average value aforementioned.
According to average price per property type in Hot Springs National Park, "" priced at $563 is 52 % lower than the average price ($1,171) in this city.