The rent prices in real estate in Oxford, in the Mississippi 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 Oxford has had a strong fall during the last 6 months. In October, the average price per sq.feet was $30.25. In the following month the price per sq.feet fell considerably to $1.61. The price for the following two months in (December, January) had a considerable fall of 10 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $8.73 to $1.59 during February, and March.
When referring to the price in Oxford (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,837. In November This price remains at $1,828. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $2,115 they are 33 % more affordable than the average price for Oxford . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,263.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.47 / sq.feet, with an average $1.59 / sq.feet price in Oxford. The properties with the most expensive average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.62 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,115 it is 3 % more affordable than the average price in Oxford. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of $2,071 it is 1 % 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 $1.53 / sq.feet followed by "Apartment" priced at $1.63 / sq.feet. "Apartment" is the most expensive type of property with a $1.63 / sq.feet value followed by "House" with an average price of $1.53 / sq.feet.