The rent prices in real estate in Spring, in the Texas region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Spring has fallen during the last 6 months. In September, the average price per sq.feet was $1.37. In October this price barely changed remaining at $1.32 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.35 to $1.32 per sq.feet. The price per sq.feet has fallen 95 % 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 $1.33 to $1.26 during January, and February.
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 September, the average price is $2,104. In October This price remains at $2,028. In the following two months the average price has hardly changed with regard to the previous two months from $2,066 to $2,155.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,110.75 and $2,077.5 between January and February.
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 $2,070 they are 34 % more affordable than the average price for Spring . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,056.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.31 / sq.feet price in Spring. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,070 it is 35 % more affordable than the average price in Spring. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $2,333 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.19 / sq.feet. "Condo" is the most expensive type of property with a $1.63 / sq.feet value followed by "Land" with an average price of $1.62 / sq.feet.