The rent prices in real estate in Watford City, in the North Dakota 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 Watford City has fallen during the last 6 months. In April, the average price per sq.feet was $1.36. In the following month the price per sq.feet fell to $1.27. In the following two months the price per sq.feet has practically remained the same, going from $1.32 to $1.32 per sq.feet. The price per sq.feet has had a considerable fall of 83 % 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 $1.32 to $1.1 during August, and September.
When referring to the price in Watford City (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $1,275. In May This price remains at $1,306. In the following two months the average price has hardly changed with regard to the previous two months from $1,290.5 to $1,259.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,275 to $1,077.5, which means a 85 % fall.
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 $1,041 they are 12 % more affordable than the average price for Watford City . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,032.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.94 / sq.feet, with an average $1.1 / sq.feet price in Watford City. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
According to average price per property type in Watford City, "" priced at $1,237 is 19 % more expensive than the average price ($1,041) in this city.