The rent prices in real estate in Prescott, in the Arizona region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Prescott has risen strongly during the last 6 months. In April, the average price per sq.feet was $2.43. In the following month the price per sq.feet rose considerably to $3.74. The price for the following two months in (June, July) had a considerable rise of 142 %. The price per sq.feet has fallen 92 % 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 $3.73 to $3.42 during August, and September.
When referring to the price in Prescott (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,466. In May This price remains at $1,500. During the following two months (June, July) the price has had an average rise from $1,483 to $1,604.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,697 they are 9 % more affordable than the average price for Prescott . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,031.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.77 / sq.feet, with an average $1.93 / sq.feet price in Prescott. The properties with the most expensive average prices have 4 bedrooms. They are 833 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.6 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,697 it is 45 % 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 "Commercial". At a price of $1,361 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2 / sq.feet followed by "Condo" priced at $12 / sq.feet. "Commercial" is the most expensive type of property with a $34 / sq.feet value followed by "Condo" with an average price of $12 / sq.feet.