The rent prices in real estate in Richardson, 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 Richardson has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.49. In October this price barely changed remaining at $1.46 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 536 %. The price per sq.feet has had a considerable rise of 190 % 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 $4.69 to $8.92 during January, and February.
When referring to the price in Richardson (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,441. In October This price remains at $1,451. In the following two months the average price has hardly changed with regard to the previous two months from $1,446 to $1,466. 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 $1,456 and $1,480.5 between January and February.
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 $1,482 they are 16 % more affordable than the average price for Richardson . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,027.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.14 / sq.feet, with an average $12.09 / sq.feet price in Richardson. The properties with the most expensive average prices have 2 bedrooms. They are 90 % more expensive than the average followed by properties with 1 bedroom with a price at $6.4 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,482 it is 2 % more expensive than the average price in Richardson. "House" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,676 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $12.93 / sq.feet followed by "House" priced at $50.5 / sq.feet. "Condo" is the most expensive type of property with a $67.47 / sq.feet value followed by "House" with an average price of $50.5 / sq.feet.