The rent prices in real estate in Jonesboro, 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 Jonesboro has fallen during the last 6 months. In October, the average price per sq.feet was $1.21. In November this price barely changed remaining at $1.16 per sq.feet. The price for the following two months in (December, January) fell 89 % 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 $1.12 to $1.04 during February, and March.
When referring to the price in Jonesboro (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,271. In November This price remains at $1,284. In the following two months the average price has hardly changed with regard to the previous two months from $1,277.5 to $1,255.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,266.5 to $1,193.5 in 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 $1,236 they are 41 % more affordable than the average price for Jonesboro . The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,524.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.03 / sq.feet, with an average $1.07 / sq.feet price in Jonesboro. The properties with the most expensive average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $1.12 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,236 it is 39 % more affordable than the average price in Jonesboro. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,394 it is 24 % 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 $1 / sq.feet followed by "Land" priced at $1.06 / sq.feet. "House" is the most expensive type of property with a $1.09 / sq.feet value followed by "Land" with an average price of $1.06 / sq.feet.