The rent prices in real estate in Kenai, in the Alaska 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 Kenai has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.51. In the following month the price per sq.feet rose considerably to $2.86. The price for the following two months in (April, May) had a considerable rise of 1865 %. The price per sq.feet has had a considerable rise of 143 % 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 $16.56 to $23.69 during June, and July.
When referring to the price in Kenai (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $700. During March the price went through a considerable rise reaching $1,453. During the following two months (April, May) the average price had a considerable rise of 356 % 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 122 % 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 $1,613 they are 58 % more affordable than the average price for Kenai . The properties with the lowest average price have 3 bedrooms, Their price is 40 % more affordable than the average. After that we have properties with 2 bedrooms priced at $884.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 3839 % more expensive than the average price of ($26 / sq.feet) in Kenai. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 3839 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Detached House" as the most affordable one. At an cost of $1,613 it is 41 % more affordable than the average price in Kenai. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $962 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Detached House" at an average price of $16 / sq.feet followed by "House" priced at $26 / sq.feet. "House" is the most expensive type of property with a $26 / sq.feet value followed by "Detached House" with an average price of $16 / sq.feet.