The rent prices in real estate in Bangor, in the Maine region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bangor has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.07. In November this price barely changed remaining at $1.07 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 124 %. The price per sq.feet has risen 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.2 to $1.27 during February, and March.
When referring to the price in Bangor (cities), this has fallen in the last 6 months. The average price for October is $1,140. During November the price had a slight fall till $1,075. In the following two months the average price has hardly changed with regard to the previous two months from $1,107.5 to $1,071. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,089.25 and $1,036.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $960 they are 22 % more affordable than the average price for Bangor . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,213.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.59 / sq.feet, with an average $1.17 / sq.feet price in Bangor. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $960 it is 12 % more affordable than the average price in Bangor. "" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "". At a price of $1,111 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.81 / sq.feet followed by "House" priced at $1.35 / sq.feet. "House" is the most expensive type of property with a $1.35 / sq.feet value followed by "Commercial" with an average price of $0.81 / sq.feet.