The rent prices in real estate in Draper, in the Utah 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 Draper has had a strong fall during the last 6 months. In October, the average price per sq.feet was $14.58. In the following month the price per sq.feet fell considerably to $8.49. The price for the following two months in (December, January) had a considerable rise of 181 %. The price per sq.feet has had a considerable fall of 16 % 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 $16.2 to $2.62 during February, and March.
When referring to the price in Draper (cities), this has fallen in the last 6 months. The average price for October is $1,747. During November the price had a slight fall till $1,631. In the following two months the average price has hardly changed with regard to the previous two months from $1,689 to $1,631. 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 $1,660 and $1,679.5 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 $1,815 they are 40 % more affordable than the average price for Draper . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,043.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.97 / sq.feet, with an average $3.98 / sq.feet price in Draper. The properties with the most expensive average prices have 2 bedrooms. They are 362 % more expensive than the average followed by properties with 3 bedrooms with a price at $17.35 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,815 it is 30 % more affordable than the average price in Draper. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,182 it is 37 % 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 $0.97 / sq.feet followed by "Apartment" priced at $7.43 / sq.feet. "Townhouse" is the most expensive type of property with a $131 / sq.feet value followed by "Condo" with an average price of $43 / sq.feet.