Property prices for rent in Somerset (Kentucky)
The rent prices in real estate in Somerset, in the Kentucky 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 Somerset has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.43. In the following month the price per sq.feet fell to $1.34. The price for the following two months in (December, January) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable fall of 69 % 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 $1.22 to $0.84 during February, and March.
When referring to the price in Somerset (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,575. In November This price remains at $1,525. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 44 % more affordable than the average price of $816 in Somerset. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 44 % more affordable than the average aforementioned.
According to average price per property type in Somerset, "" priced at $816 is 44 % lower than the average price ($1,467) in this city.
