The rent prices in real estate in La Place, in the Louisiana 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 La Place has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.77. In the following month the price per sq.feet rose considerably to $7. The price for the following two months in (February, March) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 1184 % 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 $1.94 to $23 during April, and May.
When referring to the price in La Place (cities), there have hardly been any changes in the last 6 months. The rent price in December is $1,100, rising in January till $1,162. During the following two months (February, March) the average price had a considerable fall of 82 % 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 123 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,263 they are 4 % more affordable than the average price for La Place . The properties with the lowest average price have 1 bedroom, Their price is 4 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,208.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $60 / sq.feet, with an average $23 / sq.feet price in La Place. The properties with the most expensive average prices have 1 bedroom. They are 170 % more expensive than the average followed by properties with 3 bedrooms with a price at $60 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,263 it is 5 % more affordable than the average price in La Place. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,194 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $53 / sq.feet followed by "House" priced at $60 / sq.feet. "House" is the most expensive type of property with a $60 / sq.feet value followed by "Land" with an average price of $53 / sq.feet.