The rent prices in real estate in Westwego, in the Louisiana 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 Westwego has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.92. In the following month the price per sq.feet fell considerably to $1.62. The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has fallen 88 % 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 $1.59 to $1.4 during February, and March.
When referring to the price in Westwego (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,328, rising in November till $1,412. In the following two months the average price has hardly changed with regard to the previous two months from $1,370 to $1,356. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,363 to $1,288 in February and March.
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 $1,282 they are 28 % more affordable than the average price for Westwego . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,469.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.94 / sq.feet, with an average $1.39 / sq.feet price in Westwego. The properties with the most expensive average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.5 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,282 it is 24 % more affordable than the average price in Westwego. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,163 it is 3 % 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 $1.2 / sq.feet followed by "House" priced at $1.46 / sq.feet. "House" is the most expensive type of property with a $1.46 / sq.feet value followed by "Apartment" with an average price of $1.2 / sq.feet.