The average rent price in the Alaska region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Alaska has fallen considerably in the last 6 months. During March, the average price per sq.feet was $6.88. The following month (April) the price had a considerable fall reaching $2.52 per sq.feet. The following two months (May, June) went through a considerable fall of 30 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 48 %. This has been obtained by comparing the price of $3.05 for the first four months of the sample with regard to the previous 4 months and the price of $1.47 per sq.feet for the last two months (July, August).
When referring to the price in Alaska(region), this has risen in the last 6 months. The average rent price in March is $1,344. In April the price rose to $1,499. In the following two months the average price practically remained the same compared to the previous two going from $1,421.5 to $1,430. During the last two months the price has gone up 110 % compared to the previous average values going from $1,425.75 a $1,572 in July y August.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 22 % cheaper than the average price in Alaska followed by those with 2 with an average price of $1,352. The most expensive properties have 4 bedrooms. They are 43 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,034.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.19 / sq.feet being $1.55 / sq.feet the average for Alaska. The properties with the highest average price are those with 1 bedroom. These are 21 % more expensive than the average followed by those with 2 bedrooms with a price of $1.55 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,619 it is 18 % cheaper than the average in Alaska. This is followed by "" with a cost of $1,467. The most expensive property type is "Condo" and is 19 % more costly than the average, followed by "Land" with a cost of $1,725.
Based upon the average cost per sq.feet the most affordable property type is "Duplex with a an average price of $1 / sq.feet, followed by "Land" with a price of $1.27 / sq.feet. "House" with an average price of $1.68 / sq.feet is the most expensive type of property followed by "Condo" at a price of $1.38 / sq.feet.