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 March, the average price per sq.feet was $1.2. In April this price barely changed remaining at $1.21 per sq.feet. The price for the following two months in (May, June) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 43 % 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 $1.15 to $0.5 during July, and August.
When referring to the price in Hot Springs National Park (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $2,053. In April This price remains at $2,047. In the following two months the average price has hardly changed with regard to the previous two months from $2,050 to $1,998. During the last two months the average price has fallen greatly compared to the previous four going from $2,024 to $1,134, which means a 56 % fall.
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 $1,487 they are 42 % more affordable than the average price for Hot Springs National Park . The properties with the highest average price have 2 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,875.
According to average price per property type in Hot Springs National Park, "" priced at $545 is 63 % lower than the average price ($1,487) in this city.