The rent prices in real estate in Red Oak, in the Texas 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 Red Oak has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.02. In the following month the price per sq.feet rose considerably to $1.46. The price for the following two months in (August, September) had a considerable rise of 1074 %. The price per sq.feet has had a considerable fall of 15 % 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 $7.28 to $1.09 during October, and November.
When referring to the price in Red Oak (cities), this has risen in the last 6 months. The average price during our first sample month during June, is $1,829. During July the price went through a considerable rise reaching $2,919. During the following two months (August, September) the average price had a considerable fall of 81 % 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 87 %, going from $2,145.75 to $1,859.5 in October and November.
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 $1,847 they are 26 % more affordable than the average price for Red Oak . The properties with the lowest average price have 2 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,364.
According to average price per property type in Red Oak, "" priced at $1,536 is 17 % lower than the average price ($1,847) in this city.