The rent prices in real estate in Irving, in the Texas 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 Irving has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.49. In March this price barely changed remaining at $1.47 per sq.feet. The price for the following two months in (April, May) had a considerable rise of 157 %. The price per sq.feet has had a considerable rise of 225 % 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 $1.9 to $4.28 during June, and July.
When referring to the price in Irving (cities), this has risen in the last 6 months. The rent price in February is $1,185, rising in March till $1,307. In the following two months the average price has hardly changed with regard to the previous two months from $1,246 to $1,272.5. 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 $1,259.25 and $1,238 between June and July.
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 $1,214 they are 12 % more affordable than the average price for Irving . The properties with the highest average price have 4 bedrooms, Their price is 141 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,079.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $6.89 / sq.feet, with an average $4.26 / sq.feet price in Irving. The properties with the most expensive average prices have 3 bedrooms. They are 178 % more expensive than the average followed by properties with 1 bedroom with a price at $10.86 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,214 it is 1 % more affordable than the average price in Irving. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Office". At a price of $1,412 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $5.79 / sq.feet followed by "House" priced at $10.5 / sq.feet. "Office" is the most expensive type of property with a $18.95 / sq.feet value followed by "House" with an average price of $10.5 / sq.feet.