The rent prices in real estate in Muncie, in the Indiana region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Muncie has barely changed in the last 6 months. In February, the average price per sq.feet was $0.79. In March this price barely changed remaining at $0.76 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.77 to $0.75 per sq.feet. The price per sq.feet has risen 105 % 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 $0.76 to $0.8 during June, and July.
When referring to the price in Muncie (cities), this has fallen in the last 6 months. The average price for February is $782. During March the price had a slight fall till $722. During the following two months (April, May) the average price fell 92 % 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 increased 107 % during the last two months.
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 $728 they are 27 % more affordable than the average price for Muncie . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $714.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.6 / sq.feet, with an average $0.77 / sq.feet price in Muncie. The properties with the most expensive average prices have 4 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $0.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $728 it is 14 % more affordable than the average price in Muncie. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $720 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.56 / sq.feet followed by "House" priced at $0.74 / sq.feet. "Commercial" is the most expensive type of property with a $9 / sq.feet value followed by "Apartment" with an average price of $0.75 / sq.feet.