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 $1. In the following month the price per sq.feet rose considerably to $1.35. The price for the following two months in (May, June) had a considerable rise of 115 %. The price per sq.feet has had a considerable fall of 0 % 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 $1.26 to during July, and August.
When referring to the price in Somerville (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $629. During April the price went through a considerable rise reaching $941. During the following two months (May, June) the price has had an average rise from $785 to $892. During the last two months the average price has fallen greatly compared to the previous four going from $838.5 to $628, which means a 75 % 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 $628 they are 1 % more affordable than the average price for Somerville . The properties with the highest average price have 2 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 1 bedroom priced at $619.
According to average price per property type in Somerville, "" priced at $718 is 14 % more expensive than the average price ($628) in this city.