The rent prices in real estate in Wichita, in the Kansas 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 Wichita has fallen during the last 6 months. In July, the average price per sq.feet was $1.09. In August this price barely changed remaining at $1.08 per sq.feet. The price for the following two months in (September, October) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.03 to $0.96 during November, and December.
When referring to the price in Wichita (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $984. In August This price remains at $989. In the following two months the average price has hardly changed with regard to the previous two months from $986.5 to $956.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $971.5 to $834 in November and December.
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 $889 they are 16 % more affordable than the average price for Wichita . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,047.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.8 / sq.feet, with an average $1.03 / sq.feet price in Wichita. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.99 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $889 it is 4 % more affordable than the average price in Wichita. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,048 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.89 / sq.feet followed by "Condo" priced at $0.96 / sq.feet. "Apartment" is the most expensive type of property with a $1.04 / sq.feet value followed by "Condo" with an average price of $0.96 / sq.feet.