The rent prices in real estate in Lake Charles, in the Louisiana 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 Lake Charles has had a strong fall during the last 6 months. In March, the average price per sq.feet was $16.36. In the following month the price per sq.feet fell to $14.49. The price for the following two months in (May, June) had a considerable fall of 41 with regard to the previous two months. The price per sq.feet has had a considerable fall of 27 % 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 $10.88 to $2.98 during July, and August.
When referring to the price in Lake Charles (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,235. In April This price remains at $1,227. In the following two months the average price has hardly changed with regard to the previous two months from $1,231 to $1,228. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,229.5 and $1,247.5 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,248 they are 5 % more affordable than the average price for Lake Charles . The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,207.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.12 / sq.feet price in Lake Charles. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.07 / sq.feet.
According to average price per property type in Lake Charles, "" priced at $1,191 is 5 % lower than the average price ($1,248) in this city.