The average rent price in the Mississippi 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 Mississippi has fallen considerably in the last 6 months. During July, the average price per sq.feet was $6.05. The following month (August) the price had a considerable fall reaching $0.84 per sq.feet. The following two months (September, October) went through a considerable fall of 25 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 39 %. This has been obtained by comparing the price of $2.15 for the first four months of the sample with regard to the previous 4 months and the price of $0.83 per sq.feet for the last two months (November, December).
When referring to the price in Mississippi(region), there have hardly been any changes in the last 6 months. In the first month sample July the average price is $1,129. In August the price remains at $1,139. In the following two months the average price practically remained the same compared to the previous two going from $1,134 to $1,141.5. During the last two months the price has gone down 93 % compared to the previous average values going from $1,137.75 a $1,055.5 in November y December.
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 31 % cheaper than the average price in Mississippi followed by those with 2 with an average price of $867. The most expensive properties have 4 bedrooms. They are 40 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,127.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.78 / sq.feet being $0.84 / sq.feet the average for Mississippi. The properties with the highest average price are those with 1 bedroom. These are 21 % more expensive than the average followed by those with 3 bedrooms with a price of $0.84 / 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 $1,097 it is 29 % cheaper than the average in Mississippi. This is followed by "House" with a cost of $838. The most expensive property type is "Office" and is 132 % more costly than the average, followed by "Condo" with a cost of $1,265.
Based upon the average cost per sq.feet the most affordable property type is "Office with a an average price of $0.45 / sq.feet, followed by "Condo" with a price of $0.84 / sq.feet. "Commercial" with an average price of $0.9 / sq.feet is the most expensive type of property followed by "House" at a price of $0.87 / sq.feet.