The rent prices in real estate in Palmer, in the Alaska 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 Palmer has fallen during the last 6 months. In August, the average price per sq.feet was $1.07. In September this price barely changed remaining at $1.1 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.09 to $1.04 per sq.feet. The price per sq.feet has fallen 88 % 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 $1.06 to $0.93 during December, and January.
When referring to the price in Palmer (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $1,517. In September This price remains at $1,511. In the following two months the average price has hardly changed with regard to the previous two months from $1,514 to $1,567. During the last two months the average price has fallen greatly compared to the previous four going from $1,540.5 to $1,263, which means a 82 % fall.
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 $1,219 they are 28 % more affordable than the average price for Palmer . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,638.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $6 / sq.feet, with an average $0.93 / sq.feet price in Palmer. The properties with the most expensive average prices have 1 bedroom. They are 1190 % more expensive than the average followed by properties with 3 bedrooms with a price at $9 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $1,219 it is 4 % more expensive than the average price in Palmer. "House" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $1,267 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $4 / sq.feet followed by "Townhouse" priced at $20 / sq.feet. "Townhouse" is the most expensive type of property with a $20 / sq.feet value followed by "House" with an average price of $4 / sq.feet.