The rent prices in real estate in Marengo, in the Iowa 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 Marengo has had a strong fall during the last 6 months. In October, the average price per sq.feet was $0.81. In November this price barely changed remaining at $0.79 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 48 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.59 to during February, and March.
When referring to the price in Marengo (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $650. In November This price remains at $667. In the following two months the average price has hardly changed with regard to the previous two months from $658.5 to $650.5. 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 $654.5 and $633.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $649 they are 7 % more affordable than the average price for Marengo . The properties with the lowest average price have 1 bedroom, Their price is 0 % more affordable than the average. After that we have properties with 2 bedrooms priced at $608.
According to average price per property type in Marengo, "" priced at $605 is 7 % lower than the average price ($649) in this city.