The rent prices in real estate in Kokomo, in the Indiana 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 Kokomo has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.22. In the following month the price per sq.feet fell considerably to $0.96. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.04 to $1.06 during February y March
When referring to the price in Kokomo (cities), this has fallen considerably in the last 6 months. The average price for October is $1,088. During November the price had a considerable fall till $865. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $950.75 to $855.5 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 $889 they are 16 % more affordable than the average price for Kokomo . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,160.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.08 / sq.feet price in Kokomo. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.08 / sq.feet.
According to average price per property type in Kokomo, "" priced at $729 is 18 % lower than the average price ($889) in this city.