The rent prices in real estate in Racine, in the Wisconsin region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Racine has fallen during the last 6 months. In July, the average price per sq.feet was $1.17. In the following month the price per sq.feet fell to $1.06. In the following two months the price per sq.feet has practically remained the same, going from $1.12 to $1.06 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.09 to $1.01 during November, and December.
When referring to the price in Racine (cities), there have hardly been any changes in the last 6 months. The rent price in July is $916, rising in August till $1,037. During the following two months (September, October) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $911.75 to $866 in November and December.
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 $932 they are 24 % more affordable than the average price for Racine . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 2 bedrooms priced at $956.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.94 / sq.feet, with an average $1.03 / sq.feet price in Racine. The properties with the most affordable average prices have 2 bedrooms. They are 2 % more affordable than the average followed by properties with 1 bedroom with a price at $0.98 / sq.feet.
According to average price per property type in Racine, "" priced at $874 is 6 % lower than the average price ($932) in this city.