The rent prices in real estate in Sparta, in the Wisconsin 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 Sparta has had a strong fall during the last 6 months. In March, the average price per sq.feet was $0.93. In the following month the price per sq.feet fell to $0.85. The price for the following two months in (May, June) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 71 % 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 $0.67 to $0.47 during July, and August.
When referring to the price in Sparta (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during March, is $823. During April the price went through a considerable rise reaching $988. In the following two months the average price has hardly changed with regard to the previous two months from $905.5 to $863.5. During the last two months the average price has fallen greatly compared to the previous four going from $884.5 to $741.5, which means a 84 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $866 they are 8 % more affordable than the average price for Sparta . The properties with the lowest average price have 1 bedroom, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $796.
According to average price per property type in Sparta, "" priced at $796 is 8 % lower than the average price ($866) in this city.