Property prices for rent in Free State region
The average rent price in the Free State 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 m² in Free State has risen considerably in the last 6 months. During October, the average price per m² was R 80,07. In November the price barely changed remaining at R 81,88 per m². In the following two months (December, January) the rent price per m² has increased notably to a 128 %. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per m² of R 92,27 to R 90,08 during February and March.
When referring to the price in Free State(region), this has risen considerably in the last 6 months. In the first month sample for October the average price is R 11 727. During November it went through a strong rise reaching R 14 567 The price in the following months (December, January) had a strong rise of 138 % going from R 13 147 to R 18 186. During the last two months the price has had a considerable rise of 116 % with respect to the previous four months going from R 15 666,5 a R 18 192,5.
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 72 % cheaper than the average price in Free State followed by those with 2 with an average price of R 6 328. The most expensive properties have 4 bedrooms. They are 19 % more expensive than the average followed by those properties with 3 bedrooms priced at R 12 988.
Based on the average price per m² those properties with 3 bedrooms are the most affordable ones with a price of R 52,42 / m² being R 82,68 / m² the average for Free State. The properties with the highest average price are those with 4 bedrooms. These are 1447 % more expensive than the average followed by those with 1 bedroom with a price of R 127,15 / m².
The graph displaying the average rent price according to the property type shows "Commercial" as the most affordable one. With an average cost of R 14 806 it is 63 % cheaper than the average in Free State. This is followed by "Townhouse" with a cost of R 8 601. The most expensive property type is "Land" and is 94 % more costly than the average, followed by "House" with a cost of R 15 443.
Based upon the average cost per m² the most affordable property type is "Land with a an average price of R 53 / m², followed by "Townhouse" with a price of R 65 / m². "Commercial" with an average price of R 3 768 / m² is the most expensive type of property followed by "House" at a price of R 94 / m².
