The rent prices in real estate in Louisville, 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 Louisville has fallen during the last 6 months. In October, the average price per sq.feet was $1.15. In November this price barely changed remaining at $1.16 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.15 to $1.1 per sq.feet. The price per sq.feet has fallen 92 % 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 $1.13 to $1.03 during February, and March.
When referring to the price in Louisville (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,129, rising in November till $1,240. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,144 to $1,026.5 in February and March.
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 $1,056 they are 4 % more affordable than the average price for Louisville . The properties with the highest average price have 4 bedrooms, Their price is 86 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,160.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.86 / sq.feet, with an average $1.02 / sq.feet price in Louisville. 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 $1.24 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,056 it is 2 % more affordable than the average price in Louisville. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "". At a price of $1,488 it is 65 % 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 $0.89 / sq.feet followed by "House" priced at $1.26 / sq.feet. "Land" is the most expensive type of property with a $1.68 / sq.feet value followed by "House" with an average price of $1.26 / sq.feet.