The rent prices in real estate in Kenai, in the Alaska 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 Kenai has had a strong fall during the last 6 months. In May, the average price per sq.feet was $58.06. In the following month the price per sq.feet fell considerably to $46.72. The price for the following two months in (July, August) had a considerable fall of 2 with regard to the previous two months. The price per sq.feet has had a considerable fall of 4 % 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 $26.6 to $1.01 during September, and October.
When referring to the price in Kenai (cities), this has fallen considerably in the last 6 months. The average price for May is $5,665. During June the price had a considerable fall till $4,388. During the following two months (July, August) the average price had a considerable fall of 32 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,323.5 to $1,605, which means a 48 % fall.
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 $1,628 they are 58 % more affordable than the average price for Kenai . The properties with the lowest average price have 3 bedrooms, Their price is 41 % more affordable than the average. After that we have properties with 2 bedrooms priced at $886.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 2645 % more expensive than the average price of ($28 / 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 2645 % 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 $1,628 it is 42 % 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 $964 it is 16 % 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 $13 / sq.feet followed by "House" priced at $28 / sq.feet. "House" is the most expensive type of property with a $28 / sq.feet value followed by "Detached House" with an average price of $13 / sq.feet.