The rent prices in real estate in Marion, 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 Marion has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.1. In the following month the price per sq.feet fell considerably to $0.8. The price for the following two months in (September, October) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $1.42 to $0.88 during November, and December.
When referring to the price in Marion (cities), there have hardly been any changes in the last 6 months. The average price for July is $1,045. During August the price had a slight fall till $948. During the following two months (September, October) the average price had a considerable rise of 117 % with regard to the previous two months. 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 $1,083 and $1,099 between November and December.
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 $1,141 they are 58 % more affordable than the average price for Marion . The properties with the highest average price have 2 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,192.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.84 / sq.feet, with an average $0.85 / sq.feet price in Marion. The properties with the most expensive average prices have 3 bedrooms. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.87 / sq.feet.
According to average price per property type in Marion, "" priced at $669 is 41 % lower than the average price ($1,141) in this city.