The rent prices in real estate in Saint Louis, in the Missouri 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 Saint Louis has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose to $1.44. The price for the following two months in (January, February) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 380 % 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 $1.32 to $5.02 during March, and April.
When referring to the price in Saint Louis (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,128, rising in December till $1,191. During the following two months (January, February) the average price fell 90 % 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 $1,103.75 and $1,115 between March and April.
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 $1,147 they are 17 % more affordable than the average price for Saint Louis . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,227.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.1 / sq.feet, with an average $4.24 / sq.feet price in Saint Louis. The properties with the most expensive average prices have 4 bedrooms. They are 65 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,147 it is 19 % more affordable than the average price in Saint Louis. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,117 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.06 / sq.feet followed by "House" priced at $3.69 / sq.feet. "Townhouse" is the most expensive type of property with a $98.11 / sq.feet value followed by "Office" with an average price of $9.61 / sq.feet.