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.