The rent prices in real estate in Springdale, in the Arkansas 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 Springdale has had a strong fall during the last 6 months. In July, the average price per sq.feet was $5.72. In the following month the price per sq.feet fell considerably to $0.82. The price for the following two months in (September, October) had a considerable fall of 26 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $2.06 to $0.86 during November, and December.
When referring to the price in Springdale (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,077. In August This price remains at $1,098. In the following two months the average price has hardly changed with regard to the previous two months from $1,087.5 to $1,093.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,090.5 to $907, which means a 83 % fall.
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 $866 they are 23 % more affordable than the average price for Springdale . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,091.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.78 / sq.feet, with an average $0.86 / sq.feet price in Springdale. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.78 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $866 it is 8 % more affordable than the average price in Springdale. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,016 it is 47 % 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 $0.78 / sq.feet followed by "Apartment" priced at $0.88 / sq.feet. "Commercial" is the most expensive type of property with a $17 / sq.feet value followed by "Apartment" with an average price of $0.88 / sq.feet.