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 November, the average price per sq.feet was $0.86. In December this price barely changed remaining at $0.83 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 685 %. The price per sq.feet has had a considerable fall of 71 % 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 $3.32 to $2.34 during March, and April.
When referring to the price in Prescott (cities), this has risen considerably in the last 6 months. The rent price in November is $970, rising in December till $1,019. During the following two months (January, February) the average price had a considerable rise of 144 % 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 had a strong increase of 118 % 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 $1,466 they are 15 % more affordable than the average price for Prescott . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,927.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.05 / sq.feet, with an average $2.43 / sq.feet price in Prescott. The properties with the most expensive average prices have 4 bedrooms. They are 862 % more expensive than the average followed by properties with 3 bedrooms with a price at $16.56 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,466 it is 61 % more affordable than the average price in Prescott. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Condo". At a price of $1,456 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.05 / sq.feet followed by "House" priced at $1.61 / sq.feet. "Commercial" is the most expensive type of property with a $26.05 / sq.feet value followed by "House" with an average price of $1.61 / sq.feet.