The rent prices in real estate in Monroe, in the Louisiana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Monroe has fallen during the last 6 months. In April, the average price per sq.feet was $3.4. In the following month the price per sq.feet rose considerably to $4.44. The price for the following two months in (June, July) had a considerable rise of 117 %. The price per sq.feet has had a considerable fall of 16 % 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 $4.26 to $0.69 during August, and September.
When referring to the price in Monroe (cities), this has fallen in the last 6 months. The average price for April is $1,030. During May the price had a slight fall till $923. In the following two months the average price has hardly changed with regard to the previous two months from $976.5 to $971. 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 $973.75 and $961.5 between August and September.
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 $1,000 they are 31 % more affordable than the average price for Monroe . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,241.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.47 / sq.feet, with an average $0.7 / sq.feet price in Monroe. The properties with the most expensive average prices have 2 bedrooms. They are 49 % more expensive than the average followed by properties with 1 bedroom with a price at $0.84 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,000 it is 21 % more affordable than the average price in Monroe. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of $967 it is 69 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $0.65 / sq.feet followed by "House" priced at $0.83 / sq.feet. "Commercial" is the most expensive type of property with a $1 / sq.feet value followed by "House" with an average price of $0.83 / sq.feet.