The rent prices in real estate in La Grange, in the Kentucky 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 La Grange has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In November this price barely changed remaining at $1 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 64 with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $0.82 to $0.5 during February, and March.
When referring to the price in La Grange (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is $2,015. During November the price went through a considerable rise reaching $2,844. During the following two months (December, January) the average price had a considerable fall of 84 % 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 $2,238.25 to $1,381, which means a 62 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,408 they are 29 % more affordable than the average price for La Grange . The properties with the lowest average price have 1 bedroom, Their price is 11 % more affordable than the average. After that we have properties with 2 bedrooms priced at $998.
According to average price per property type in La Grange, "" priced at $998 is 29 % lower than the average price ($1,408) in this city.