The rent prices in real estate in Oklahoma City, in the Oklahoma 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 Oklahoma City has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.06. In the following month the price per sq.feet rose considerably to $3.3. The price for the following two months in (April, May) had a considerable rise of 160 %. The price per sq.feet has risen 112 % 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 $2.83 to $3.17 during June, and July.
When referring to the price in Oklahoma City (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $950. In March This price remains at $909. In the following two months the average price has hardly changed with regard to the previous two months from $929.5 to $962.5. 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 $946 and $959 between June and July.
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 $949 they are 15 % more affordable than the average price for Oklahoma City . 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 $1,215.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.19 / sq.feet, with an average $3.23 / sq.feet price in Oklahoma City. The properties with the most expensive average prices have 1 bedroom. They are 132 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.77 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $949 it is 9 % more affordable than the average price in Oklahoma City. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,053 it is 20 % 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 $1.06 / sq.feet followed by "House" priced at $4.72 / sq.feet. "Condo" is the most expensive type of property with a $9.29 / sq.feet value followed by "House" with an average price of $4.72 / sq.feet.