The rent prices in real estate in Gresham, 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 Gresham has had a strong fall during the last 6 months. In September, the average price per sq.feet was $4.44. In the following month the price per sq.feet fell considerably to $1.78. The price for the following two months in (November, December) had a considerable rise of 138 %. The price per sq.feet has had a considerable fall of 47 % 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 $3.71 to $1.75 during January, and February.
When referring to the price in Gresham (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,480. In October This price remains at $1,445. In the following two months the average price has hardly changed with regard to the previous two months from $1,462.5 to $1,517.5. 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 $1,490 and $1,482 between January and February.
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 $1,442 they are 9 % more affordable than the average price for Gresham . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,904.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.34 / sq.feet, with an average $1.77 / sq.feet price in Gresham. The properties with the most expensive average prices have 4 bedrooms. They are 3177 % more expensive than the average followed by properties with 1 bedroom with a price at $2.05 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,442 it is 10 % more affordable than the average price in Gresham. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,682 it is 54 % 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 / sq.feet followed by "Condo" priced at $95 / sq.feet. "Condo" is the most expensive type of property with a $95 / sq.feet value followed by "House" with an average price of $1 / sq.feet.