The rent prices in real estate in Wichita, in the Kansas 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 Wichita has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.35. In the following month the price per sq.feet fell to $1.22. The price for the following two months in (June, July) had a considerable rise of 251 %. The price per sq.feet has had a considerable fall of 36 % 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 $2.26 to $0.81 during August, and September.
When referring to the price in Wichita (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $776. In May This price remains at $783. During the following two months (June, July) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $759 and $778 between August and September.
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 $812 they are 14 % more affordable than the average price for Wichita . The properties with the highest average price have 4 bedrooms, Their price is 95 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,020.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.73 / sq.feet, with an average $0.83 / sq.feet price in Wichita. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.78 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $812 it is 15 % more affordable than the average price in Wichita. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $767 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.55 / sq.feet followed by "House" priced at $0.91 / sq.feet. "House" is the most expensive type of property with a $0.91 / sq.feet value followed by "Commercial" with an average price of $0.55 / sq.feet.