The rent prices in real estate in Petal, 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 Petal has had a strong fall during the last 6 months. In July, the average price per sq.feet was $7.93. In the following month the price per sq.feet fell considerably to $0.76. The price for the following two months in (September, October) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable rise of 253 % 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 $2.57 to $6.5 during November, and December.
When referring to the price in Petal (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,023. In August This price remains at $1,027. In the following two months the average price has hardly changed with regard to the previous two months from $1,025 to $992.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,008.75 and $978 between November and December.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 16 % more affordable than the average price of $903 in Petal. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 16 % more affordable than the average aforementioned.
According to average price per property type in Petal, "" priced at $903 is 16 % lower than the average price ($1,075) in this city.