The rent prices in real estate in Lowell, in the Arkansas region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Lowell has risen during the last 6 months. In October, the average price per sq.feet was $1.16. In November this price barely changed remaining at $1.15 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $1.15 to $1.3 per sq.feet. The price per sq.feet has risen 107 % 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 $1.23 to $1.31 during February, and March.
When referring to the price in Lowell (cities), this has fallen in the last 6 months. The average price for October is $1,618. During November the price had a considerable fall till $1,340. In the following two months the average price has hardly changed with regard to the previous two months from $1,479 to $1,427. 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 $1,453 and $1,520 between 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 $1,610 they are 26 % more affordable than the average price for Lowell . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,875.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.14 / sq.feet, with an average $1.33 / sq.feet price in Lowell. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.34 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,610 it is 24 % more affordable than the average price in Lowell. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,354 it is 26 % 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 $1.15 / sq.feet followed by "Apartment" priced at $1.59 / sq.feet. "Apartment" is the most expensive type of property with a $1.59 / sq.feet value followed by "House" with an average price of $1.15 / sq.feet.