The rent prices in real estate in Red Oak, in the Texas region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Red Oak has risen during the last 6 months. In October, the average price per sq.feet was $1.21. In November this price barely changed remaining at $1.22 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.22 to $1.29 per sq.feet. The price per sq.feet has risen 114 % 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 $1.25 to $1.43 during February, and March.
When referring to the price in Red Oak (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,204. In November This price remains at $2,276. During the following two months (December, January) the price has had an average rise from $2,240 to $2,535. 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 $2,387.5 and $2,297 between February and March.
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 $2,115 they are 21 % more affordable than the average price for Red Oak . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,342.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.17 / sq.feet, with an average $1.58 / sq.feet price in Red Oak. The properties with the most expensive average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,115 it is 30 % more affordable than the average price in Red Oak. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,733 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.14 / sq.feet followed by "Apartment" priced at $1.92 / sq.feet. "Apartment" is the most expensive type of property with a $1.92 / sq.feet value followed by "House" with an average price of $1.14 / sq.feet.