The average rent price in the Machakos 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 Machakos has risen considerably in the last 6 months. During November, the average price per m² was . The following month (December) the price had a considerable rise reaching per m². In the following two months (January, February) the rent price per m² has increased notably to a 2147483647 %. In the last two months, the price per m² has had a significant rise of 413 %. This has been obtained by comparing the price of KSh 43.1 for the first four months of the sample with regard to the previous 4 months and the price of KSh 178.21 per m² for the last two months (March, April).
When referring to the price in Machakos(region), this has risen considerably in the last 6 months. In the first month sample for November the average price is . During December it went through a strong rise reaching The price in the following months (January, February) had a strong rise of 2147483647 % going from to KSh 24,469. During the last two months the price has had a considerable rise of 426 % with respect to the previous four months going from KSh 12,234.5 a KSh 52,111.5.
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 76 % cheaper than the average price in Machakos followed by those with 2 with an average price of KSh 18,810. The most affordable properties have 4 bedrooms. They are 35 % cheaper than the average followed by those properties with 3 bedrooms priced at KSh 22,305.
Based on the average price per m² those properties with 2 bedrooms are the most affordable ones with a price of KSh 66 / m² being KSh 168.38 / m² the average for Machakos. The properties with the highest average price are those with 3 bedrooms. These are 15 % more expensive than the average followed by those with 1 bedroom with a price of KSh 186 / m².
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of KSh 55,733 it is 70 % cheaper than the average in Machakos. This is followed by "Commercial Property" with a cost of KSh 34,962. The most expensive property type is "Townhouse" and is 295 % more costly than the average, followed by "Commercial Property" with a cost of KSh 34,962.
Based upon the average cost per m² the most affordable property type is "Apartment with a an average price of KSh 41 / m², followed by "Commercial Property" with a price of KSh 320 / m². "Townhouse" with an average price of KSh 747 / m² is the most expensive type of property followed by "Commercial Property" at a price of KSh 320 / m².