The average rent price in the Missouri 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 Missouri has fallen considerably in the last 6 months. During November, the average price per sq.feet was $7.17. The following month (December) the price had a considerable fall reaching $5.21 per sq.feet. In the following two months (January, February) the rent price per sq.feet has increased notably to a 119 %. In the last two months, the price per sq.feet has had a significant fall of 26 %. This has been obtained by comparing the price of $6.78 for the first four months of the sample with regard to the previous 4 months and the price of $1.75 per sq.feet for the last two months (March, April).
When referring to the price in Missouri (region), this has fallen in the last 6 months. November has an average price of $1,177. During Decemberthe price had a slight fall till $1,117. In the following two months the average price practically remained the same compared to the previous two going from $1,147 to $1,131.5. During the last two months the average price has not gone through any changes and has gone from $1,139.25 to $1,103.5 during March and April.
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 7 % cheaper than the average price in Missouri followed by those with 2 with an average price of $1,153. The most expensive properties have 4 bedrooms. They are 29 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,252.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.84 / sq.feet being $1.17 / sq.feet the average for Missouri. The properties with the highest average price are those with 1 bedroom. These are 20 % more expensive than the average followed by those with 2 bedrooms with a price of $1.18 / 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 $1,108 it is 2 % cheaper than the average in Missouri. This is followed by "Land" with a cost of $1,285. The most expensive property type is "" and is 51 % more costly than the average, followed by "Condo" with a cost of $1,649.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.03 / sq.feet, followed by "House" with a price of $1.22 / sq.feet. "Condo" with an average price of $82.28 / sq.feet is the most expensive type of property followed by "House" at a price of $1.22 / sq.feet.