Property prices for rent in Spring (Texas)
The rent prices in real estate in Spring, in the Texas region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Spring has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.05. In the following month the price per sq.feet rose to $1.14. In the following two months the price per sq.feet has practically remained the same, going from $1.1 to $1.08 per sq.feet. The price per sq.feet has had a considerable rise of 840 % 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 $1.09 to $9.13 during February, and March.
When referring to the price in Spring (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,711. In November This price remains at $1,664. In the following two months the average price has hardly changed with regard to the previous two months from $1,687.5 to $1,746. 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 $1,716.75 to $1,548.5 in February and March.
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 $1,498 they are 23 % more affordable than the average price for Spring . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,705.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $12.76 / sq.feet price in Spring. The properties with the most affordable average prices have 1 bedroom. They are 49 % more affordable than the average followed by properties with 2 bedrooms with a price at $6.11 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,498 it is 22 % more affordable than the average price in Spring. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,754 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.95 / sq.feet followed by "Apartment" priced at $1.38 / sq.feet. "Townhouse" is the most expensive type of property with a $178.67 / sq.feet value followed by "Condo" with an average price of $110.62 / sq.feet.
