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 July, the average price per sq.feet was $1.12. In the following month the price per sq.feet rose considerably to $7.36. The price for the following two months in (September, October) had a considerable fall of 61 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $3.41 to $1.42 during November, and December.
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 July, is $2,720. During August the price went through a considerable rise reaching $18,704. During the following two months (September, October) the average price had a considerable fall of 50 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $8,015.75 to $2,199.5, which means a 27 % fall.
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 $2,444 they are 11 % more affordable than the average price for Prospect . The properties with the lowest average price have 1 bedroom, Their price is 3 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,179.
According to average price per property type in Prospect, "" priced at $2,179 is 11 % lower than the average price ($2,444) in this city.