The rent prices in real estate in Rio, in the Wisconsin 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 Rio has had a strong fall during the last 6 months. In April, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (June, July) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 during August, and September.
When referring to the price in Rio (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $755. In May This price remains at $754. In the following two months the average price has hardly changed with regard to the previous two months from $754.5 to $754. 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 $754.25 and $754 between August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $754 they are 3 % more affordable than the average price for Rio . The properties with the lowest average price have 1 bedroom, Their price is 3 % more affordable than the average. After that we have properties with 4 bedrooms priced at $729.
According to average price per property type in Rio, "" priced at $729 is 3 % lower than the average price ($754) in this city.