The rent prices in real estate in Moreland, in the Georgia 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 Moreland has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.51. In December this price barely changed remaining at $1.51 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 49 with regard to the previous two months. The price per sq.feet has had a considerable fall of 45 % 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 $1.12 to $0.5 during March, and April.
When referring to the price in Moreland (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,433. In December This price remains at $1,433. During the following two months (January, February) the average price had a considerable rise of 139 % 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 $1,715 to $1,433.5, which means a 84 % fall.
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 $1,498 they are 15 % more affordable than the average price for Moreland . The properties with the lowest average price have 1 bedroom, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,372.
According to average price per property type in Moreland, "" priced at $1,269 is 15 % lower than the average price ($1,498) in this city.