The rent prices in real estate in Monroe, in the Louisiana 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 Monroe has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.75. In December this price barely changed remaining at $0.72 per sq.feet. The price for the following two months in (January, February) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 70 % 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 $0.69 to $0.49 during March, and April.
When referring to the price in Monroe (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $926. In December This price remains at $909. During the following two months (January, February) the average price fell 86 % 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 105 % 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 $800 they are 33 % more affordable than the average price for Monroe . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $966.
According to average price per property type in Monroe, "" priced at $873 is 9 % more expensive than the average price ($800) in this city.