The rent prices in real estate in Hot Springs Village, in the Arkansas region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Hot Springs Village has fallen during the last 6 months. In October, the average price per sq.feet was $1.4. In November this price barely changed remaining at $1.39 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.29 to $1.2 during February, and March.
When referring to the price in Hot Springs Village (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,637. In November This price remains at $1,604. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. 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 $1,533.5 and $1,543 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 $1,581 they are 39 % more affordable than the average price for Hot Springs Village . The properties with the highest average price have 3 bedrooms, Their price is 173 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,541.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.28 / sq.feet price in Hot Springs Village. The properties with the most expensive average prices have 3 bedrooms. They are 55 % more expensive than the average followed by properties with 1 bedroom with a price at $1.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,581 it is 21 % more affordable than the average price in Hot Springs Village. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,741 it is 20 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.