The rent prices in real estate in West Monroe, in the Louisiana 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 West Monroe has risen strongly during the last 6 months. In March, the average price per sq.feet was $0.61. In April this price barely changed remaining at $0.62 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $0.62 to $0.67 per sq.feet. The price per sq.feet has had a considerable rise of 137 % 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 $0.64 to $0.88 during July, and August.
When referring to the price in West Monroe (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $558. In April This price remains at $556. During the following two months (May, June) the average price had a considerable rise of 128 % 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 157 % during the last two months.
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 $993 they are 13 % more affordable than the average price for West Monroe . The properties with the highest average price have 3 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,108.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $0.88 / sq.feet price in West Monroe. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.9 / sq.feet.
According to average price per property type in West Monroe, "" priced at $646 is 35 % lower than the average price ($993) in this city.