The rent prices in real estate in Monona, 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 Monona has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.27. In November this price barely changed remaining at $1.21 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 161 % 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 $0.62 to $1 during February, and March.
When referring to the price in Monona (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $957. During November the price went through a considerable rise reaching $1,132. During the following two months (December, January) the average price had a considerable rise of 168 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,399.25 to $1,171, which means a 84 % fall.
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 $1,182 they are 20 % more affordable than the average price for Monona . The properties with the highest average price have 3 bedrooms, Their price is 113 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,844.
According to average price per property type in Monona, "" priced at $1,730 is 46 % more expensive than the average price ($1,182) in this city.