The rent prices in real estate in Kerrville, 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 Kerrville has had a strong fall during the last 6 months. In May, the average price per sq.feet was $25.86. In the following month the price per sq.feet fell considerably to $16.53. The price for the following two months in (July, August) had a considerable fall of 32 with regard to the previous two months. The price per sq.feet has had a considerable fall of 15 % 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 $13.99 to $2.13 during September, and October.
When referring to the price in Kerrville (cities), this has fallen considerably in the last 6 months. The average price for May is $1,675. During June the price had a considerable fall till $1,240. During the following two months (July, August) the average price had a considerable fall of 75 % 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 118 % 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 $1,590 they are 49 % more affordable than the average price for Kerrville . The properties with the highest average price have 3 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,494.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.23 / sq.feet price in Kerrville. The properties with the most expensive average prices have 3 bedrooms. They are 206 % more expensive than the average followed by properties with 1 bedroom with a price at $1.2 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,590 it is 26 % more affordable than the average price in Kerrville. "House" is seen as the second most affordable property type. The most affordable property is "Land" followed by "Farm". At a price of $1,517 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Farm" priced at $12 / sq.feet. "Land" is the most expensive type of property with a $17 / sq.feet value followed by "Farm" with an average price of $12 / sq.feet.