The rent prices in real estate in Natchitoches, in the Louisiana 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 Natchitoches has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.66. In the following month the price per sq.feet fell considerably to $1.18. The price for the following two months in (March, April) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable fall of 83 % 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 $1.21 to $1 during May, and June.
When referring to the price in Natchitoches (cities), there have hardly been any changes in the last 6 months. The rent price in January is $1,058, rising in February till $1,118. During the following two months (March, April) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,007.25 and $1,034 between May and June.
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 $1,037 they are 34 % more affordable than the average price for Natchitoches . The properties with the lowest average price have 2 bedrooms, Their price is 21 % more affordable than the average. After that we have properties with 3 bedrooms priced at $797.
According to average price per property type in Natchitoches, "" priced at $797 is 23 % lower than the average price ($1,037) in this city.