The rent prices in real estate in Somerville, 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 Somerville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.46. In the following month the price per sq.feet fell to $1.27. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $1.25 to $1 during February, and March.
When referring to the price in Somerville (cities), this has fallen in the last 6 months. The rent price in October is $795, rising in November till $895. During the following two months (December, January) the average price fell 90 % 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 $803.5 to $629, which means a 78 % 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 $629 they are 1 % more affordable than the average price for Somerville . The properties with the highest average price have 2 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 1 bedroom priced at $624.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 300 % more expensive than the average price of ($4 / sq.feet) in Somerville. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 300 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $629 it is 14 % more expensive than the average price in Somerville. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of $719 it is 15 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $4 / sq.feet. "House" at an average price of $4 / sq.feet has the highest price and would be directed at more affluent cities.