The rent prices in real estate in Tonopah, in the Arizona 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 Tonopah has had a strong fall during the last 6 months. In March, the average price per sq.feet was $11. In the following month the price per sq.feet fell to $10. The price for the following two months in (May, June) had a considerable rise of 167 %. The price per sq.feet has had a considerable fall of 0 % 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 to during July, and August.
When referring to the price in Tonopah (cities), this has fallen considerably in the last 6 months. The average price for March is $1,336. During April the price had a considerable fall till $1,103. In the following two months the average price has hardly changed with regard to the previous two months from $1,219.5 to $1,163. During the last two months the average price has fallen greatly compared to the previous four going from $1,191.25 to $1,003, which means a 84 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,003 they are 2 % more affordable than the average price for Tonopah . The properties with the highest average price have 1 bedroom, Their price is 6 % more expensive than the average. After that we have properties with 2 bedrooms priced at $981.
According to average price per property type in Tonopah, "" priced at $975 is 3 % lower than the average price ($1,003) in this city.