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 April, the average price per sq.feet was $1. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has risen 110 %, going from $0.5 to $0.55 per sq.feet. The price per sq.feet has had a considerable rise of 115 % 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 $0.52 to $0.61 during August, and September.
When referring to the price in Monona (cities), this has fallen in the last 6 months. The average price for April is $956. During May the price had a considerable fall till . During the following two months (June, July) the average price had a considerable rise of 296 % 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 $945.75 to $740, which means a 78 % 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 $1,480 they are 36 % more affordable than the average price for Monona . The properties with the highest average price have 3 bedrooms, Their price is 70 % 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 $1,722 is 16 % more expensive than the average price ($1,480) in this city.