The rent prices in real estate in Idaho Falls, in the Idaho 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 Idaho Falls has had a strong fall during the last 6 months. In May, the average price per sq.feet was $4.2. In the following month the price per sq.feet rose considerably to $6.07. The price for the following two months in (July, August) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $4.25 to $0.76 during September, and October.
When referring to the price in Idaho Falls (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $873. During June the price went through a considerable rise reaching $1,050. During the following two months (July, August) the price has had an average rise from $961.5 to $1,020. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,040 they are 31 % more affordable than the average price for Idaho Falls . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,099.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.65 / sq.feet, with an average $0.78 / sq.feet price in Idaho Falls. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.83 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,040 it is 28 % more affordable than the average price in Idaho Falls. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $957 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.74 / sq.feet followed by "Condo" priced at $0.78 / sq.feet. "Land" is the most expensive type of property with a $3 / sq.feet value followed by "Apartment" with an average price of $1.04 / sq.feet.