The rent prices in real estate in Spring Hill, in the Florida 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 Spring Hill has had a strong fall during the last 6 months. In December, the average price per sq.feet was $24.67. In the following month the price per sq.feet rose to $26.21. The price for the following two months in (February, March) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $14.09 to $4.41 during April, and May.
When referring to the price in Spring Hill (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,261. In January This price remains at $1,258. In the following two months the average price has hardly changed with regard to the previous two months from $1,259.5 to $1,295. 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 $1,277.25 and $1,256.5 between April and May.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 4 % more affordable than the average price of $1,230 in Spring Hill. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 435 % more expensive than the average price of ($20 / sq.feet) in Spring Hill. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 435 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,275 it is 10 % more affordable than the average price in Spring Hill. "House" is seen as the second most affordable property type. The most affordable property is "Land" followed by "House". At a price of $1,230 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $20 / sq.feet followed by "Land" priced at $23 / sq.feet. "Land" is the most expensive type of property with a $23 / sq.feet value followed by "House" with an average price of $20 / sq.feet.