The rent prices in real estate in Red Rock, in the Texas region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Red Rock has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1. In May this price barely changed remaining at $1 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1 to $1 per sq.feet. The price per sq.feet has had a considerable fall of 50 % 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 to $0.5 during August, and September.
When referring to the price in Red Rock (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,171. In May This price remains at $1,171. In the following two months the average price has hardly changed with regard to the previous two months from $1,171 to $1,156. 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 $1,163.5 and $1,148.5 between August and September.
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 $1,169 they are 8 % more affordable than the average price for Red Rock . The properties with the lowest average price have 2 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,081.
According to average price per property type in Red Rock, "" priced at $1,144 is 2 % lower than the average price ($1,169) in this city.