The rent prices in real estate in New Palestine, in the Indiana 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 New Palestine has fallen during the last 6 months. In October, the average price per sq.feet was $0.8. In the following month the price per sq.feet rose to $0.84. In the following two months the price per sq.feet has risen 105 %, going from $0.82 to $0.87 per sq.feet. The price per sq.feet has had a considerable fall of 55 % 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 $0.84 to $0.46 during February, and March.
When referring to the price in New Palestine (cities), this has fallen in the last 6 months. The average price during our first sample month during October, is $2,116. During November the price went through a considerable rise reaching $2,507. During the following two months (December, January) the average price had a considerable fall of 72 % 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 $1,984.75 and $1,932.5 between February and March.
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 $2,600 they are 77 % more affordable than the average price for New Palestine . The properties with the lowest average price have 3 bedrooms, Their price is 63 % more affordable than the average. After that we have properties with 2 bedrooms priced at $730.
According to average price per property type in New Palestine, "" priced at $971 is 63 % lower than the average price ($2,600) in this city.