The rent prices in real estate in Little Rock, in the Arkansas 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 Little Rock has risen strongly during the last 6 months. In August, the average price per sq.feet was $0.87. In September this price barely changed remaining at $0.9 per sq.feet. The price for the following two months in (October, November) had a considerable rise of 418 %. The price per sq.feet has had a considerable rise of 186 % 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 $2.29 to $4.26 during December, and January.
When referring to the price in Little Rock (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $885. In September This price remains at $857. During the following two months (October, November) the price has had an average rise from $871 to $942. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $971 they are 26 % more affordable than the average price for Little Rock . The properties with the highest average price have 4 bedrooms, Their price is 85 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,042.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $5.12 / sq.feet price in Little Rock. The properties with the most expensive average prices have 4 bedrooms. They are 286 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.66 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $971 it is 17 % more affordable than the average price in Little Rock. "" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Condo". At a price of $1,027 it is 7 % 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 $0.88 / sq.feet followed by "Condo" priced at $0.89 / sq.feet. "Commercial" is the most expensive type of property with a $10.37 / sq.feet value followed by "Condo" with an average price of $0.89 / sq.feet.