The rent prices in real estate in Vernon, 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 Vernon has risen strongly during the last 6 months. In September, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $0.56. The price for the following two months in (November, December) had a considerable rise of 180 %. The price per sq.feet has had a considerable rise of 135 % 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 $0.39 to $0.53 during January, and February.
When referring to the price in Vernon (cities), this has risen considerably in the last 6 months. The average price for September is $603. During October the price had a considerable fall till $431. In the following two months the average price has hardly changed with regard to the previous two months from $517 to $522.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 205 % 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 $1,063 they are 64 % more affordable than the average price for Vernon . The properties with the lowest average price have 2 bedrooms, Their price is 51 % more affordable than the average. After that we have properties with 1 bedroom priced at $382.
According to average price per property type in Vernon, "" priced at $518 is 51 % lower than the average price ($1,063) in this city.