The rent prices in real estate in Petal, in the Mississippi 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 Petal has fallen during the last 6 months. In October, the average price per sq.feet was $1.25. In the following month the price per sq.feet fell to $1.16. In the following two months the price per sq.feet has practically remained the same, going from $1.21 to $1.18 per sq.feet. The price per sq.feet has fallen 85 % 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 $1.19 to $1.02 during February, and March.
When referring to the price in Petal (cities), this has fallen in the last 6 months. The average price for October is $1,457. During November the price had a slight fall till $1,263. During the following two months (December, January) the average price fell 92 % 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 108 % during the last two months.