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 October, the average price per sq.feet was $1.52. In November this price barely changed remaining at $1.54 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.53 to $1.52 per sq.feet. The price per sq.feet has had a considerable rise of 387 % 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 $1.53 to $5.91 during February, and March.
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 October, the average price is $1,511. In November This price remains at $1,498. In the following two months the average price has hardly changed with regard to the previous two months from $1,504.5 to $1,512. 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 $1,508.25 and $1,454.5 between February and March.
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 $1,498 they are 14 % more affordable than the average price for The Colony . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,846.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.29 / sq.feet, with an average $6.77 / sq.feet price in The Colony. The properties with the most expensive average prices have 4 bedrooms. They are 829 % more expensive than the average followed by properties with 1 bedroom with a price at $11.84 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,498 it is 11 % more affordable than the average price in The Colony. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,850 it is 60 % 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 $1.17 / sq.feet followed by "Apartment" priced at $34.84 / sq.feet. "Townhouse" is the most expensive type of property with a $61 / sq.feet value followed by "Apartment" with an average price of $34.84 / sq.feet.