The rent prices in real estate in Lafayette, 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 Lafayette has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.99. In the following month the price per sq.feet fell to $0.94. The price for the following two months in (February, March) had a considerable rise of 172 %. The price per sq.feet has had a considerable rise of 315 % 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 $1.31 to $4.12 during April, and May.
When referring to the price in Lafayette (cities), there have hardly been any changes in the last 6 months. The average price for December is $976. During January the price had a slight fall till $904. During the following two months (February, March) the price has had an average rise from $940 to $1,012.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,028 they are 30 % more affordable than the average price for Lafayette . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,239.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.6 / sq.feet, with an average $4.34 / sq.feet price in Lafayette. The properties with the most affordable average prices have 4 bedrooms. They are 3 % more affordable than the average followed by properties with 3 bedrooms with a price at $3.93 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,028 it is 13 % more affordable than the average price in Lafayette. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,106 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.57 / sq.feet followed by "Apartment" priced at $4.93 / sq.feet. "Condo" is the most expensive type of property with a $5.5 / sq.feet value followed by "Apartment" with an average price of $4.93 / sq.feet.