The rent prices in real estate in Little Rock, in the Arkansas 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 Little Rock has had a strong fall during the last 6 months. In February, the average price per sq.feet was $6.82. In the following month the price per sq.feet fell considerably to $2.52. The price for the following two months in (April, May) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 44 % 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 $2.82 to $1.25 during June, and July.
When referring to the price in Little Rock (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $929. In March This price remains at $907. In the following two months the average price has hardly changed with regard to the previous two months from $918 to $922. 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 $920 and $892.5 between June and July.
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 $890 they are 17 % more affordable than the average price for Little Rock . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,072.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $1.49 / sq.feet price in Little Rock. The properties with the most expensive average prices have 3 bedrooms. They are 136 % more expensive than the average followed by properties with 1 bedroom with a price at $1.07 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $890 it is 12 % more affordable than the average price in Little Rock. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "". At a price of $926 it is 22 % 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 $0.92 / sq.feet followed by "Land" priced at $4.75 / sq.feet. "Land" is the most expensive type of property with a $4.75 / sq.feet value followed by "House" with an average price of $0.92 / sq.feet.