The average rent price in the Mississippi 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 Mississippi has risen considerably in the last 6 months. During March, the average price per sq.feet was $0.95. The following month the price fell to $0.9 per sq.feet. In the following two months (May, June) the rent price per sq.feet has increased notably to a 130 %. In the last two months, the price per sq.feet has had a significant rise of 142 %. This has been obtained by comparing the price of $1.07 for the first four months of the sample with regard to the previous 4 months and the price of $1.51 per sq.feet for the last two months (July, August).
When referring to the price in Mississippi(region), this has risen considerably in the last 6 months. March has an average price of $1,170. During Aprilthe price had a slight fall till $1,031. The price in the following months (May, June) had a strong rise of 120 % going from $1,100.5 to $1,322.5. During the last two months the price has had a considerable rise of 131 % with respect to the previous four months going from $1,211.5 a $1,585.5.
The graph displaying the the average rent price per number of bedrooms shows that those with 3 bedrooms are the most affordable ones. They are 15 % cheaper than the average price in Mississippi followed by those with 1 with an average price of $1,483. The most expensive properties have 4 bedrooms. They are 13 % more expensive than the average followed by those properties with 2 bedrooms priced at $1,606.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.94 / sq.feet being $1.54 / sq.feet the average for Mississippi. The properties with the highest average price are those with 1 bedroom. These are 27 % more expensive than the average followed by those with 2 bedrooms with a price of $1.46 / 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 $1,572 it is 44 % cheaper than the average in Mississippi. This is followed by "" with a cost of $991. The most affordable property type is "Condo" and is 5 % cheaper than the average, followed by "Land" with a cost of $1,290.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $0.89 / sq.feet, followed by "House" with a price of $0.96 / sq.feet. "Condo" with an average price of $1.04 / sq.feet is the most affordable type of property followed by "House" at a price of $0.96 / sq.feet.