The rent prices in real estate in Plainview, 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 Plainview has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.2. In the following month the price per sq.feet fell considerably to $0.85. In the following two months the price per sq.feet has practically remained the same, going from $1.02 to $0.99 per sq.feet. The price per sq.feet has fallen 93 % 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 to $0.93 during January, and February.
When referring to the price in Plainview (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $836. In October This price remains at $826. In the following two months the average price has hardly changed with regard to the previous two months from $831 to $846.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $912 they are 14 % more affordable than the average price for Plainview . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,063.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $0.86 / sq.feet price in Plainview. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.85 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $912 it is 11 % more affordable than the average price in Plainview. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $808 it is 5 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $1 / sq.feet. "House" at an average price of $1 / sq.feet has the highest price and would be directed at more affluent cities.