The rent prices in real estate in San Antonio, 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 San Antonio has had a strong fall during the last 6 months. In July, the average price per sq.feet was $2.53. In the following month the price per sq.feet fell considerably to $1.32. The price for the following two months in (September, October) had a considerable fall of 69 with regard to the previous two months. The price per sq.feet has had a considerable fall of 83 % 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 $1.62 to $1.34 during November, and December.
When referring to the price in San Antonio (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,289. In August This price remains at $1,282. In the following two months the average price has hardly changed with regard to the previous two months from $1,285.5 to $1,304.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,295 to $1,153 in November and December.
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 $1,191 they are 20 % more affordable than the average price for San Antonio . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,491.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.8 / sq.feet, with an average $1.34 / sq.feet price in San Antonio. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.2 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,191 it is 24 % more affordable than the average price in San Antonio. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,410 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $0.93 / sq.feet followed by "Condo" priced at $1.12 / sq.feet. "Villa" is the most expensive type of property with a $7.46 / sq.feet value followed by "Townhouse" with an average price of $1.32 / sq.feet.