The rent prices in real estate in Katy, 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 Katy has had a strong fall during the last 6 months. In July, the average price per sq.feet was $4.74. In the following month the price per sq.feet fell considerably to $1.06. The price for the following two months in (September, October) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable fall of 54 % 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 $1.99 to $1.07 during November, and December.
When referring to the price in Katy (cities), there have hardly been any changes in the last 6 months. The rent price in July is $1,645, rising in August till $1,738. In the following two months the average price has hardly changed with regard to the previous two months from $1,691.5 to $1,669. 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 $1,680.25 and $1,676.5 between November and December.
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 $1,549 they are 31 % more affordable than the average price for Katy . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,631.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.81 / sq.feet, with an average $1.19 / sq.feet price in Katy. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,549 it is 22 % more affordable than the average price in Katy. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,401 it is 26 % 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 $0.86 / sq.feet followed by "Apartment" priced at $1.34 / sq.feet. "Apartment" is the most expensive type of property with a $1.34 / sq.feet value followed by "House" with an average price of $0.86 / sq.feet.