The rent prices in real estate in Lauderdale, in the Mississippi 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 Lauderdale has had a strong fall during the last 6 months. In February, the average price per sq.feet was $38.35. In the following month the price per sq.feet fell considerably to $28.98. The price for the following two months in (April, May) had a considerable fall of 5 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $17.66 to $2.2 during June, and July.
When referring to the price in Lauderdale (cities), this has fallen considerably in the last 6 months. The average price for February is $34,491. During March the price had a considerable fall till $25,107. During the following two months (April, May) the average price had a considerable fall of 4 % 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 $15,550.5 to $2,152, which means a 14 % fall.
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 $2,116 they are 12 % more affordable than the average price for Lauderdale . The properties with the highest average price have 4 bedrooms, Their price is 128 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,334.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.83 / sq.feet, with an average $2.19 / sq.feet price in Lauderdale. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.1 / sq.feet.
With regard to the average price based upon the property in Lauderdale we can see that the most affordable property type is "Apartment" at a price of $1,188, they are 44 % cheaper than the average price of (!PRECIO2!). "Apartment" has the most affordable price. This price is 44 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1.52 / sq.feet. "Apartment" with an average price of $1.52 / sq.feet has the most affordable price and would be directed at less affluent cities.