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 July, the average price per sq.feet was $1.13. In the following month the price per sq.feet fell to $1.01. In the following two months the price per sq.feet has practically remained the same, going from $1.07 to $1.06 per sq.feet. The price per sq.feet has had a considerable rise of 1768 % 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 $1.07 to $18.83 during November, and December.
When referring to the price in Red Oak (cities), there have hardly been any changes in the last 6 months. The rent price in July is $2,077, rising in August till $2,374. 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 barely gone through any changes with regard to the previous average values going from an average value of $2,084.5 and $2,043.5 between 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 $2,103 they are 36 % more affordable than the average price for Red Oak . The properties with the lowest average price have 2 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,348.
According to average price per property type in Red Oak, "" priced at $1,520 is 28 % lower than the average price ($2,103) in this city.