The rent prices in real estate in Lorena, in the Texas 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 Lorena has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.72. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (January, February) had a considerable fall of 48 with regard to the previous two months. The price per sq.feet has had a considerable rise of 120 % 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 $1.01 to $1.21 during March, and April.
When referring to the price in Lorena (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $1,965. During December the price went through a considerable rise reaching $2,365. During the following two months (January, February) the average price fell 93 % 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 increased 113 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,295 they are 69 % more affordable than the average price for Lorena . The properties with the lowest average price have 4 bedrooms, Their price is 38 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,078.
According to average price per property type in Lorena, "" priced at $1,422 is 38 % lower than the average price ($2,295) in this city.