The rent prices in real estate in Montgomery, in the Texas region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Montgomery has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose to $1.44. The price for the following two months in (December, January) had a considerable rise of 127 %. The price per sq.feet has risen 114 % 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 $1.55 to $1.76 during February, and March.
When referring to the price in Montgomery (cities), this has fallen in the last 6 months. The average price for October is $2,069. During November the price had a slight fall till $1,919. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $1,930.25 to $1,832 in February and March.
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 $1,889 they are 21 % more affordable than the average price for Montgomery . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,158.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.17 / sq.feet, with an average $1.76 / sq.feet price in Montgomery. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.75 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,889 it is 39 % more affordable than the average price in Montgomery. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Townhouse". At a price of $1,610 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Land" priced at $1.27 / sq.feet. "House" is the most expensive type of property with a $1.88 / sq.feet value followed by "Condo" with an average price of $1.64 / sq.feet.