The rent prices in real estate in Manvel, 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 Manvel has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.56. In the following month the price per sq.feet fell considerably to $0.98. The price for the following two months in (December, January) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable rise of 123 % 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 $0.91 to $1.12 during February, and March.
When referring to the price in Manvel (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is $1,405. During November the price went through a considerable rise reaching $1,747. 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 greatly compared to the previous four going from $1,522.75 to $1,155.5, which means a 76 % fall.
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 $1,116 they are 3 % more affordable than the average price for Manvel . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,592.
According to average price per property type in Manvel, "" priced at $2,053 is 84 % more expensive than the average price ($1,116) in this city.