The rent prices in real estate in Prospect, in the Kentucky 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 Prospect has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.13. In the following month the price per sq.feet rose considerably to $1.3. The price for the following two months in (April, May) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable rise of 214 % 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 $1.11 to $2.37 during June, and July.
When referring to the price in Prospect (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $2,244. During March the price went through a considerable rise reaching $2,795. During the following two months (April, May) the average price fell 89 % 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 129 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,829 they are 40 % more affordable than the average price for Prospect . The properties with the lowest average price have 3 bedrooms, Their price is 24 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,721.
According to average price per property type in Prospect, "" priced at $2,158 is 24 % lower than the average price ($2,829) in this city.