The rent prices in real estate in O Fallon, in the Missouri 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 O Fallon has had a strong fall during the last 6 months. In July, the average price per sq.feet was $11.15. In the following month the price per sq.feet fell considerably to $1.14. The price for the following two months in (September, October) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 25 % 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 $3.61 to $0.89 during November, and December.
When referring to the price in O Fallon (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,182. In August This price remains at $1,124. During the following two months (September, October) the average price fell 93 % 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 $1,112.75 and $1,066.5 between November and December.
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 $1,042 they are 27 % more affordable than the average price for O Fallon . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,249.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,042 it is 17 % more affordable than the average price in O Fallon. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $865 it is 4 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $7 / sq.feet. "Condo" at an average price of $7 / sq.feet has the highest price and would be directed at more affluent cities.