The average rent price in the Louisiana region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Louisiana has risen considerably in the last 6 months. During April, the average price per sq.feet was $0.95. In May the price barely changed remaining at $0.99 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 122 %. In the last two months, the price per sq.feet has risen 114 %. This has been obtained by comparing the price $1.08 for the first four months of the sample with regard to the previous 4 months and the price $1.23 per sq.feet for the last two months (August, September).
When referring to the price in Louisiana(region), this has risen in the last 6 months. In the first month sample April the average price is $1,132. In May the price remains at $1,158. The average price for the following two months (June, July) rose from $1,145 to $1,235.5. During the last two months the price has gone up 106 % compared to the previous average values going from $1,190.25 a $1,263.5 in August y September.
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 24 % cheaper than the average price in Louisiana followed by those with 2 with an average price of $1,303. The most expensive properties have 4 bedrooms. They are 45 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,623.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.95 / sq.feet being $1.22 / sq.feet the average for Louisiana. The properties with the highest average price are those with 1 bedroom. These are 31 % more expensive than the average followed by those with 2 bedrooms with a price of $1.33 / 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 $1,364 it is 61 % cheaper than the average in Louisiana. This is followed by "House" with a cost of $989. The most expensive property type is "Commercial" and is 71 % more costly than the average, followed by "Condo" with a cost of $1,387.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $0.96 / sq.feet, followed by "Apartment" with a price of $0.97 / sq.feet. "Commercial" with an average price of $155.21 / sq.feet is the most expensive type of property followed by "Condo" at a price of $1.5 / sq.feet.