The rent prices in real estate in Odessa, in the Texas region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Odessa has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.74. In September this price barely changed remaining at $1.82 per sq.feet. The price for the following two months in (October, November) had a considerable rise of 418 %. The price per sq.feet has had a considerable rise of 250 % 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 $4.61 to $11.52 during December, and January.
When referring to the price in Odessa (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,370. In September This price remains at $1,311. During the following two months (October, November) the price has had an average rise from $1,340.5 to $1,409. 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 $1,436 they are 13 % more affordable than the average price for Odessa . The properties with the highest average price have 3 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,165.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $11.75 / sq.feet price in Odessa. The properties with the most affordable average prices have 2 bedrooms. They are 20 % more affordable than the average followed by properties with 1 bedroom with a price at $4.5 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,436 it is 5 % more affordable than the average price in Odessa. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,368 it is 6 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $11.81 / sq.feet. "House" at an average price of $11.81 / sq.feet has the highest price and would be directed at more affluent cities.