The rent prices in real estate in Odessa, in the Texas 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 Odessa has fallen during the last 6 months. In October, the average price per sq.feet was $1.62. In November this price barely changed remaining at $1.59 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.61 to $1.56 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.58 to $1.47 during February, and March.
When referring to the price in Odessa (cities), this has risen in the last 6 months. The rent price in October is $1,757, rising in November till $1,962. In the following two months the average price has hardly changed with regard to the previous two months from $1,859.5 to $1,912.5. 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 $1,886 and $1,827 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 $1,801 they are 46 % more affordable than the average price for Odessa . The properties with the highest average price have 4 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,189.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.42 / sq.feet, with an average $1.47 / sq.feet price in Odessa. The properties with the most expensive average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.51 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,801 it is 32 % more affordable than the average price in Odessa. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,263 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.4 / sq.feet followed by "House" priced at $1.53 / sq.feet. "House" is the most expensive type of property with a $1.53 / sq.feet value followed by "Land" with an average price of $1.4 / sq.feet.