The rent prices in real estate in Metairie, in the Louisiana 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 Metairie has risen during the last 6 months. In April, the average price per sq.feet was $1.07. In the following month the price per sq.feet fell to $1. In the following two months the price per sq.feet has risen 105 %, going from $1.03 to $1.09 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $1.06 to $1.25 during August, and September.
When referring to the price in Metairie (cities), this has risen in the last 6 months. The average price during our first sample month during April, is $1,097. During May the price went through a considerable rise reaching $1,598. During the following two months (June, July) the average price had a considerable fall of 77 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $1,456 they are 31 % more affordable than the average price for Metairie . 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 $1,792.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.93 / sq.feet, with an average $1.26 / sq.feet price in Metairie. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.25 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,456 it is 34 % more affordable than the average price in Metairie. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $2,000 it is 77 % 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 $1.12 / sq.feet followed by "House" priced at $1.21 / sq.feet. "Townhouse" is the most expensive type of property with a $133.33 / sq.feet value followed by "Condo" with an average price of $1.44 / sq.feet.