The rent prices in real estate in Lexington, in the Kentucky 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 Lexington has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.08. In the following month the price per sq.feet fell to $0.98. In the following two months the price per sq.feet has practically remained the same, going from $1.03 to $1.07 per sq.feet. The price per sq.feet has had a considerable rise of 158 % 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 $1.05 to $1.65 during November, and December.
When referring to the price in Lexington (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,032. In August This price remains at $985. In the following two months the average price has hardly changed with regard to the previous two months from $1,008.5 to $987.5. 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 $998 and $1,044.5 between November and December.
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 $1,052 they are 21 % more affordable than the average price for Lexington . The properties with the highest average price have 4 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,230.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.93 / sq.feet, with an average $2.16 / sq.feet price in Lexington. The properties with the most expensive average prices have 2 bedrooms. They are 488 % more expensive than the average followed by properties with 1 bedroom with a price at $5.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,052 it is 13 % more affordable than the average price in Lexington. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,244 it is 195 % 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 $1.06 / sq.feet followed by "Condo" priced at $1.38 / sq.feet. "Apartment" is the most expensive type of property with a $11.4 / sq.feet value followed by "Townhouse" with an average price of $2 / sq.feet.