The rent prices in real estate in Spring Branch, 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 Branch has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.02. In the following month the price per sq.feet rose considerably to $7.2. The price for the following two months in (June, July) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $2.43 to $1.18 during August, and September.
When referring to the price in Spring Branch (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,424. During May the price had a slight fall till $1,278. During the following two months (June, July) the price has had an average rise from $1,351 to $1,469.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,410.25 to $1,289.5 in August and September.
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 $1,285 they are 6 % more affordable than the average price for Spring Branch . The properties with the highest average price have 3 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,301.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.02 / sq.feet, with an average $1.19 / sq.feet price in Spring Branch. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.08 / sq.feet.
According to average price per property type in Spring Branch, "" priced at $1,245 is 3 % lower than the average price ($1,285) in this city.