Property prices for rent in Somerville (Texas)
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 March, the average price per sq.feet was $2.6. In the following month the price per sq.feet fell to $2.43. The price for the following two months in (May, June) had a considerable fall of 65 with regard to the previous two months. The price per sq.feet has had a considerable fall of 48 % 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 $2.07 to $1 during July, and August.
When referring to the price in Somerville (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $1,881. In April This price remains at $1,878. During the following two months (May, June) the average price had a considerable fall of 82 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,707 to $1,543 in July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,711 they are 59 % more affordable than the average price for Somerville . The properties with the highest average price have 1 bedroom, Their price is 6 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,711.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2 / sq.feet price in Somerville. The properties with the most expensive average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Somerville, "" priced at $707 is 59 % lower than the average price ($1,711) in this city.
