The average rent price in the Mississippi region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Mississippi has risen in the last 6 months. During December, the average price per sq.feet was $1.36. In January the price barely changed remaining at $1.31 per sq.feet. In the following two months (February, March) the rent price per sq.feet has increased notably to a 150 %. In the last two months, the price per sq.feet has had a significant fall of 66 %. This has been obtained by comparing the price of $1.67 for the first four months of the sample with regard to the previous 4 months and the price of $1.11 per sq.feet for the last two months (April, May).
When referring to the price in Mississippi (region), this has fallen in the last 6 months. In the first month sample December the average price is $1,544. In January the price remains at $1,473. The average price for the following two months (February, March) fell 94 % compared to the previous two. During the last two months the price has had a considerable fall of 78 % with respect to the previous four months going from $1,461 a $1,145.
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 23 % cheaper than the average price in Mississippi followed by those with 2 with an average price of $1,106. The most expensive properties have 4 bedrooms. They are 74 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,364.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.96 / sq.feet being $1.07 / sq.feet the average for Mississippi. The properties with the highest average price are those with 1 bedroom. These are 9 % more expensive than the average followed by those with 2 bedrooms with a price of $1.1 / sq.feet.
The graph displaying the average rent price according to the property type shows "Condo" as the most affordable one. With an average cost of $1,098 it is 16 % cheaper than the average in Mississippi. This is followed by "Land" with a cost of $951. The most expensive property type is "House" and is 37 % more costly than the average, followed by "Townhouse" with a cost of $1,497.
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 "House" with a price of $0.99 / sq.feet. "Townhouse" with an average price of $75 / sq.feet is the most expensive type of property followed by "Land" at a price of $1.07 / sq.feet.