The rent prices in real estate in Papillion, in the Nebraska 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 Papillion has had a strong fall during the last 6 months. In June, the average price per sq.feet was $9.71. In July this price barely changed remaining at $9.86 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 10 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $5.36 to $1 during October, and November.
When referring to the price in Papillion (cities), this has fallen in the last 6 months. In our first sample month during June, the average price is $1,428. In July This price remains at $1,411. In the following two months the average price has hardly changed with regard to the previous two months from $1,419.5 to $1,441.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $1,430.5 to $1,233 in October and November.
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 $1,052 they are 8 % more affordable than the average price for Papillion . The properties with the highest average price have 4 bedrooms, Their price is 254 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,611.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $1.01 / sq.feet price in Papillion. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 3 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,052 it is 2 % more expensive than the average price in Papillion. "Condo" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $1,695 it is 65 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.