The rent prices in real estate in Morehead, in the Kentucky 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 Morehead has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.17. In November this price barely changed remaining at $1.19 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.18 to $1.21 per sq.feet. The price per sq.feet has had a considerable rise of 891 % 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 $1.19 to $10.62 during February, and March.
When referring to the price in Morehead (cities), this has risen considerably in the last 6 months. The rent price in October is $1,404, rising in November till $1,565. During the following two months (December, January) the average price fell 93 % 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 had a strong increase of 423 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $10,790 they are 92 % more affordable than the average price for Morehead . The properties with the lowest average price have 4 bedrooms, Their price is 79 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,951.
According to average price per property type in Morehead, "" priced at $942 is 91 % lower than the average price ($10,790) in this city.