The rent prices in real estate in Houston, in the Texas 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 Houston has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.34. In the following month the price per sq.feet fell considerably to . The price for the following two months in (November, December) had a considerable rise of 199 %. The price per sq.feet has had a considerable rise of 146 % 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 to $1.46 during January, and February.
When referring to the price in Houston (cities), this has fallen considerably in the last 6 months. The average price for September is $1,181. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable rise of 202 % 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 145 % 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 $1,333 they are 16 % more affordable than the average price for Houston . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,548.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $1.55 / sq.feet price in Houston. The properties with the most affordable average prices have 1 bedroom. They are 1 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,333 it is 6 % more affordable than the average price in Houston. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $1,481 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.94 / sq.feet followed by "Land" priced at $1 / sq.feet. "Apartment" is the most expensive type of property with a $10.92 / sq.feet value followed by "House" with an average price of $1.52 / sq.feet.