The rent prices in real estate in Mount Hope, in the West Virginia 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 Mount Hope has fallen during the last 6 months. In October, the average price per sq.feet was $0.84. In the following month the price per sq.feet fell to $0.75. In the following two months the price per sq.feet has practically remained the same, going from $0.8 to $0.82 per sq.feet. The price per sq.feet has fallen 88 % 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 $0.81 to $0.71 during February, and March.
When referring to the price in Mount Hope (cities), this has fallen considerably in the last 6 months. The average price for October is $1,088. During November the price had a considerable fall till $721. In the following two months the average price has hardly changed with regard to the previous two months from $904.5 to $884. During the last two months the average price has fallen greatly compared to the previous four going from $894.25 to $702.5, which means a 79 % fall.
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 $658 they are 27 % more affordable than the average price for Mount Hope . The properties with the highest average price have 2 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $662.
According to average price per property type in Mount Hope, "" priced at $648 is 2 % lower than the average price ($658) in this city.