The rent prices in real estate in Lauderdale, in the Mississippi 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 Lauderdale has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.61. In the following month the price per sq.feet rose considerably to $2.21. In the following two months the price per sq.feet has risen 115 %, going from $1.91 to $2.19 per sq.feet. The price per sq.feet has risen 110 % 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 $2.05 to $2.24 during September, and October.
When referring to the price in Lauderdale (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $1,205. During June the price went through a considerable rise reaching $2,188. During the following two months (July, August) the average price had a considerable rise of 126 % 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 119 % 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 $2,367 they are 17 % more affordable than the average price for Lauderdale . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,269.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.95 / sq.feet, with an average $2.21 / sq.feet price in Lauderdale. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,367 it is 6 % more affordable than the average price in Lauderdale. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $2,215 it is 25 % 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 $1.8 / sq.feet followed by "Apartment" priced at $2.3 / sq.feet. "Apartment" is the most expensive type of property with a $2.3 / sq.feet value followed by "House" with an average price of $1.8 / sq.feet.