The rent prices in real estate in Bend, in the Oregon 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 Bend has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.47. In the following month the price per sq.feet rose considerably to $2. The price for the following two months in (April, May) had a considerable rise of 187 %. The price per sq.feet has had a considerable rise of 205 % 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 $2.49 to $5.1 during June, and July.
When referring to the price in Bend (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,728. In March This price remains at $1,693. In the following two months the average price has hardly changed with regard to the previous two months from $1,710.5 to $1,656.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,862 they are 21 % more affordable than the average price for Bend . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,984.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.95 / sq.feet, with an average $6.31 / sq.feet price in Bend. The properties with the most expensive average prices have 1 bedroom. They are 167 % more expensive than the average followed by properties with 2 bedrooms with a price at $6.23 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,862 it is 19 % more affordable than the average price in Bend. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,675 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "Condo" priced at $3.57 / sq.feet. "House" is the most expensive type of property with a $8.82 / sq.feet value followed by "Condo" with an average price of $3.57 / sq.feet.