The rent prices in real estate in Mcallen, in the Texas 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 Mcallen has risen during the last 6 months. In September, the average price per sq.feet was $1.05. In October this price barely changed remaining at $1.09 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.07 to $1.07 per sq.feet. The price per sq.feet has risen 110 % 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 $1.07 to $1.17 during January, and February.
When referring to the price in Mcallen (cities), this has risen in the last 6 months. The rent price in September is $1,465, rising in October till $1,589. During the following two months (November, December) the price has had an average rise from $1,527 to $1,680.5. 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 $1,603.75 and $1,582 between January and February.
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 $1,488 they are 48 % more affordable than the average price for Mcallen . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,828.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.1 / sq.feet, with an average $1.21 / sq.feet price in Mcallen. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.15 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,488 it is 38 % more affordable than the average price in Mcallen. "Land" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,033 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.19 / sq.feet. "Land" is the most expensive type of property with a $1.46 / sq.feet value followed by "Condo" with an average price of $1.25 / sq.feet.