The average rent price in the Louisiana 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 Louisiana has fallen considerably in the last 6 months. During June, the average price per sq.feet was $1.39. The following month the price fell to $1.25 per sq.feet. The following two months (August, September) went through a considerable fall of 85 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.feet of $1.22 to $1.17 during October and November.
When referring to the price in Louisiana(region), there have hardly been any changes in the last 6 months. In the first month sample June the average price is $1,415. In July the price remains at $1,403. In the following two months the average price practically remained the same compared to the previous two going from $1,409 to $1,362.5. During the last two months the average price has not gone through any changes and has gone from $1,385.75 to $1,350.5 during October and November.
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 26 % cheaper than the average price in Louisiana followed by those with 2 with an average price of $1,141. The most expensive properties have 4 bedrooms. They are 50 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,571.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.02 / sq.feet being $1.23 / sq.feet the average for Louisiana. The properties with the highest average price are those with 1 bedroom. These are 23 % more expensive than the average followed by those with 2 bedrooms with a price of $1.18 / sq.feet.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of $1,394 it is 18 % cheaper than the average in Louisiana. This is followed by "Commercial" with a cost of $1,237. The most expensive property type is "Condo" and is 45 % more costly than the average, followed by "Detached House" with a cost of $1,643.
Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of $1.02 / sq.feet, followed by "Condo" with a price of $1.28 / sq.feet. "Detached House" with an average price of $2.11 / sq.feet is the most expensive type of property followed by "Apartment" at a price of $1.39 / sq.feet.