The rent prices in real estate in Prescott Valley, 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 Valley has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.13. In the following month the price per sq.feet rose considerably to $6.24. The price for the following two months in (June, July) had a considerable rise of 170 %. The price per sq.feet has had a considerable fall of 56 % 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 $4.97 to $2.77 during August, and September.
When referring to the price in Prescott Valley (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,427. In May This price remains at $1,435. In the following two months the average price has hardly changed with regard to the previous two months from $1,431 to $1,362. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,396.5 and $1,415.5 between August and September.
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 $1,476 they are 28 % more affordable than the average price for Prescott Valley . The properties with the highest average price have 3 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,295.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.99 / sq.feet, with an average $1.05 / sq.feet price in Prescott Valley. The properties with the most expensive average prices have 4 bedrooms. They are 1519 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.54 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,476 it is 12 % more affordable than the average price in Prescott Valley. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Land" followed by "Condo". At a price of $1,404 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $10 / sq.feet followed by "House" priced at $17 / sq.feet. "Townhouse" is the most expensive type of property with a $28 / sq.feet value followed by "Land" with an average price of $25 / sq.feet.