The rent prices in real estate in Overland Park, in the Kansas 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 Overland Park has had a strong fall during the last 6 months. In December, the average price per sq.feet was $59.3. In the following month the price per sq.feet fell considerably to $50.13. The price for the following two months in (February, March) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $48.94 to $1.33 during April, and May.
When referring to the price in Overland Park (cities), this has fallen in the last 6 months. In our first sample month during December, the average price is $1,525. In January This price remains at $1,491. In the following two months the average price has hardly changed with regard to the previous two months from $1,508 to $1,454. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,481 to $1,376.5 in April and May.
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 $1,408 they are 20 % more affordable than the average price for Overland Park . The properties with the highest average price have 4 bedrooms, Their price is 67 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,604.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.94 / sq.feet, with an average $1.32 / sq.feet price in Overland Park. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.28 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,408 it is 17 % more affordable than the average price in Overland Park. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,772 it is 46 % 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 $1.05 / sq.feet followed by "Apartment" priced at $1.36 / sq.feet. "Condo" is the most expensive type of property with a $118 / sq.feet value followed by "Townhouse" with an average price of $5 / sq.feet.