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 March, the average price per sq.feet was $22.46. The following month (April) the price had a considerable fall reaching $10.39 per sq.feet. The following two months (May, June) went through a considerable fall of 7 % 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 $8.82 to $9.05 during July and August.
When referring to the price in Louisiana(region), there have hardly been any changes in the last 6 months. In the first month sample March the average price is $1,224. In April the price remains at $1,267. The average price for the following two months (May, June) fell 91 % compared to the previous two. During the last two months the price has gone up 112 % compared to the previous average values going from $1,189.25 a $1,331 in July y August.
The graph displaying the the average rent price per number of bedrooms shows that those with 2 bedrooms are the most affordable ones. They are 8 % cheaper than the average price in Louisiana followed by those with 3 with an average price of $1,317. The most expensive properties have 4 bedrooms. They are 34 % more expensive than the average followed by those properties with 1 bedroom priced at $1,429.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $0.94 / sq.feet being $16.87 / sq.feet the average for Louisiana. The properties with the highest average price are those with 1 bedroom. These are 204 % more expensive than the average followed by those with 2 bedrooms with a price of $22.65 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,391 it is 27 % cheaper than the average in Louisiana. This is followed by "House" with a cost of $1,130. The most expensive property type is "Land" and is 41 % more costly than the average, followed by "Duplex" with a cost of $1,493.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $0.95 / sq.feet, followed by "Duplex" with a price of $1 / sq.feet. "Land" with an average price of $129.85 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $39.15 / sq.feet.