The rent prices in real estate in New Albany, in the Mississippi 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 New Albany has had a strong fall during the last 6 months. In June, the average price per sq.feet was $3.37. In the following month the price per sq.feet rose considerably to $5.08. The price for the following two months in (August, September) had a considerable fall of 43 with regard to the previous two months. The price per sq.feet has had a considerable fall of 60 % 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 $3.01 to $1.79 during October, and November.
When referring to the price in New Albany (cities), this has risen in the last 6 months. The average price during our first sample month during June, is $1,125. During July the price went through a considerable rise reaching $1,500. In the following two months the average price has hardly changed with regard to the previous two months from $1,312.5 to $1,270. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,291.25 to $1,178 in October and November.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 55 % more affordable than the average price of $561 in New Albany. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 55 % more affordable than the average aforementioned.
According to average price per property type in New Albany, "" priced at $561 is 55 % lower than the average price ($1,233) in this city.