The rent prices in real estate in Corvallis, in the Oregon region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Corvallis has had a strong fall during the last 6 months. In June, the average price per sq.feet was $4.09. In the following month the price per sq.feet rose considerably to $6.41. The price for the following two months in (August, September) had a considerable fall of 25 with regard to the previous two months. The price per sq.feet has had a considerable fall of 40 % 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 $3.29 to $1.33 during October, and November.
When referring to the price in Corvallis (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,470. In July This price remains at $1,439. In the following two months the average price has hardly changed with regard to the previous two months from $1,454.5 to $1,467.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 $1,557 they are 48 % more affordable than the average price for Corvallis . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,793.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.29 / sq.feet, with an average $1.38 / sq.feet price in Corvallis. The properties with the most expensive average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.45 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,557 it is 38 % more affordable than the average price in Corvallis. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,303 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.31 / sq.feet followed by "Apartment" priced at $1.43 / sq.feet. "Apartment" is the most expensive type of property with a $1.43 / sq.feet value followed by "House" with an average price of $1.31 / sq.feet.