The rent prices in real estate in Penitas, in the Texas 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 Penitas has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.96. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has risen 114 %, going from $0.48 to $0.55 per sq.feet. The price per sq.feet has had a considerable rise of 241 % 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 $0.51 to $1.24 during March, and April.
When referring to the price in Penitas (cities), this has fallen considerably in the last 6 months. The average price for November is $1,267. During December the price had a considerable fall till $710. During the following two months (January, February) the average price had a considerable fall of 77 % 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 had a strong increase of 135 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,303 they are 51 % more affordable than the average price for Penitas . The properties with the lowest average price have 1 bedroom, Their price is 51 % more affordable than the average. After that we have properties with 2 bedrooms priced at $636.
According to average price per property type in Penitas, "" priced at $634 is 51 % lower than the average price ($1,303) in this city.