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 January, the average price per sq.feet was $1.16. In the following month the price per sq.feet rose considerably to $4.88. The price for the following two months in (March, April) had a considerable rise of 117 %. The price per sq.feet has had a considerable fall of 39 % 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 $3.27 to $1.29 during May, and June.
When referring to the price in Saint Louis (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,099. In February This price remains at $1,068. In the following two months the average price has hardly changed with regard to the previous two months from $1,083.5 to $1,129.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $1,174 they are 12 % more affordable than the average price for Saint Louis . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,710.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.21 / sq.feet price in Saint Louis. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.24 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,174 it is 47 % 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 "Condo" followed by "House". At a price of $1,178 it is 2 % 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 $1.11 / sq.feet followed by "House" priced at $1.28 / sq.feet. "House" is the most expensive type of property with a $1.28 / sq.feet value followed by "Condo" with an average price of $1.11 / sq.feet.