The rent prices in real estate in Show Low, in the Arizona 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 Show Low has had a strong fall during the last 6 months. In October, the average price per sq.feet was $3.14. In the following month the price per sq.feet fell to $2.98. The price for the following two months in (December, January) had a considerable fall of 60 with regard to the previous two months. The price per sq.feet has fallen 85 % 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 $2.45 to $2.09 during February, and March.
When referring to the price in Show Low (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $8,826. In November This price remains at $8,630. During the following two months (December, January) the average price had a considerable fall of 27 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,554 to $3,195, which means a 58 % fall.
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 $3,686 they are 55 % more affordable than the average price for Show Low . The properties with the highest average price have 4 bedrooms, Their price is 231 % more expensive than the average. After that we have properties with 2 bedrooms priced at $6,987.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $2.26 / sq.feet price in Show Low. The properties with the most expensive average prices have 2 bedrooms. They are 210 % more expensive than the average followed by properties with 1 bedroom with a price at $4 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,686 it is 64 % more affordable than the average price in Show Low. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $3,579 it is 124 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "House" priced at $2 / sq.feet. "House" is the most affordable type of property with a $2 / sq.feet value followed by "Land" with an average price of $1 / sq.feet.