The rent prices in real estate in Oklahoma City, in the Oklahoma 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 Oklahoma City has had a strong fall during the last 6 months. In March, the average price per sq.feet was $13.51. In the following month the price per sq.feet fell considerably to $1.65. The price for the following two months in (May, June) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 26 % 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 $4.31 to $1.12 during July, and August.
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 March, the average price is $993. In April This price remains at $959. In the following two months the average price has hardly changed with regard to the previous two months from $976 to $989.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,086 they are 14 % more affordable than the average price for Oklahoma City . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,402.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.15 / sq.feet price in Oklahoma City. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.09 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,086 it is 8 % more affordable than the average price in Oklahoma City. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,530 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $1.18 / sq.feet. "Condo" is the most expensive type of property with a $100.73 / sq.feet value followed by "Apartment" with an average price of $1.18 / sq.feet.