The rent prices in real estate in Tupelo, in the Mississippi region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Tupelo has fallen during the last 6 months. In September, the average price per sq.feet was $2.42. In the following month the price per sq.feet fell considerably to $1.51. The price for the following two months in (November, December) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable rise of 187 % 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 $1.67 to $3.12 during January, and February.
When referring to the price in Tupelo (cities), there have hardly been any changes in the last 6 months. The average price for September is $3,672. During October the price had a considerable fall till $2,050. During the following two months (November, December) the average price had a considerable fall of 56 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 306 % during the last two months.
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 $8,866 they are 90 % more affordable than the average price for Tupelo . The properties with the highest average price have 4 bedrooms, Their price is 464 % more expensive than the average. After that we have properties with 3 bedrooms priced at $20,222.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.18 / sq.feet, with an average $3.8 / sq.feet price in Tupelo. The properties with the most expensive average prices have 4 bedrooms. They are 337 % more expensive than the average followed by properties with 3 bedrooms with a price at $10.75 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $8,866 it is 91 % more affordable than the average price in Tupelo. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,018 it is 175 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.19 / sq.feet followed by "House" priced at $11.25 / sq.feet. "House" is the most expensive type of property with a $11.25 / sq.feet value followed by "Apartment" with an average price of $1.19 / sq.feet.