The rent prices in real estate in Hillsboro, 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 Hillsboro has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.61. In September this price barely changed remaining at $1.57 per sq.feet. The price for the following two months in (October, November) had a considerable rise of 165 %. The price per sq.feet has had a considerable fall of 74 % 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 $2.11 to $1.56 during December, and January.
When referring to the price in Hillsboro (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,724. In September This price remains at $1,697. In the following two months the average price has hardly changed with regard to the previous two months from $1,710.5 to $1,739. 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 $1,724.75 and $1,679.5 between December and January.
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 $1,642 they are 22 % more affordable than the average price for Hillsboro . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,854.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.28 / sq.feet, with an average $1.58 / sq.feet price in Hillsboro. The properties with the most expensive average prices have 4 bedrooms. They are 3406 % more expensive than the average followed by properties with 1 bedroom with a price at $2.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,642 it is 18 % more affordable than the average price in Hillsboro. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,769 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.28 / sq.feet. "Townhouse" is the most expensive type of property with a $101 / sq.feet value followed by "Apartment" with an average price of $8.49 / sq.feet.