The rent prices in real estate in The Colony, 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 The Colony has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.58. In April this price barely changed remaining at $1.57 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $1.58 to $1.73 per sq.feet. The price per sq.feet has had a considerable rise of 436 % 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 $1.65 to $7.19 during July, and August.
When referring to the price in The Colony (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,497. In April This price remains at $1,500. During the following two months (May, June) the price has had an average rise from $1,498.5 to $1,574.5. 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 $1,536.5 and $1,478 between July and August.
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 $1,480 they are 16 % more affordable than the average price for The Colony . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,973.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $4.26 / sq.feet price in The Colony. The properties with the most expensive average prices have 2 bedrooms. They are 1280 % more expensive than the average followed by properties with 1 bedroom with a price at $44.32 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,480 it is 2 % more affordable than the average price in The Colony. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,759 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $15 / sq.feet followed by "Condo" priced at $38 / sq.feet. "Condo" is the most expensive type of property with a $38 / sq.feet value followed by "House" with an average price of $15 / sq.feet.