The rent prices in real estate in Mesa, in the Arizona 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 Mesa has had a strong fall during the last 6 months. In July, the average price per sq.feet was $5.94. In the following month the price per sq.feet fell considerably to $1.16. The price for the following two months in (September, October) had a considerable fall of 36 with regard to the previous two months. The price per sq.feet has had a considerable fall of 50 % 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 $2.41 to $1.21 during November, and December.
When referring to the price in Mesa (cities), this has fallen in the last 6 months. The average price for July is $1,437. During August the price had a slight fall till $1,268. In the following two months the average price has hardly changed with regard to the previous two months from $1,352.5 to $1,297.5. 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 $1,325 and $1,329 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 $1,439 they are 32 % more affordable than the average price for Mesa . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,663.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $1.2 / sq.feet price in Mesa. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,439 it is 24 % more affordable than the average price in Mesa. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,337 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $1 / sq.feet followed by "Condo" priced at $1.1 / sq.feet. "House" is the most expensive type of property with a $1.27 / sq.feet value followed by "Condo" with an average price of $1.1 / sq.feet.