The rent prices in real estate in Prescott, in the Arizona 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 Prescott has fallen during the last 6 months. In March, the average price per sq.feet was $1.8. In the following month the price per sq.feet fell to $1.62. In the following two months the price per sq.feet has practically remained the same, going from $1.71 to $1.78 per sq.feet. The price per sq.feet has had a considerable fall of 79 % 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 $1.75 to $1.38 during July, and August.
When referring to the price in Prescott (cities), this has risen considerably in the last 6 months. The rent price in March is $1,410, rising in April till $1,588. During the following two months (May, June) the price has had an average rise from $1,499 to $1,695.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 121 % 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 $1,895 they are 42 % more affordable than the average price for Prescott . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,297.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.38 / sq.feet price in Prescott. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.43 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,895 it is 29 % more affordable than the average price in Prescott. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,029 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.36 / sq.feet followed by "Condo" priced at $2 / sq.feet. "Commercial" is the most expensive type of property with a $23 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.