The rent prices in real estate in Lexington, in the Kentucky region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Lexington has fallen during the last 6 months. In November, the average price per sq.feet was $1.41. In December this price barely changed remaining at $1.34 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $1.38 to $1.45 per sq.feet. The price per sq.feet has fallen 86 % 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 $1.41 to $1.21 during March, and April.
When referring to the price in Lexington (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,293. In December This price remains at $1,265. In the following two months the average price has hardly changed with regard to the previous two months from $1,279 to $1,233.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,256.25 to $1,121 in March and April.
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 $1,027 they are 6 % more affordable than the average price for Lexington . The properties with the highest average price have 4 bedrooms, Their price is 127 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,532.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $1.14 / sq.feet, with an average $1.13 / sq.feet price in Lexington. The properties with the most expensive average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,027 it is 19 % more affordable than the average price in Lexington. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,408 it is 70 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.1 / sq.feet followed by "Townhouse" priced at $1.13 / sq.feet. "Land" is the most expensive type of property with a $1.47 / sq.feet value followed by "House" with an average price of $1.3 / sq.feet.