The rent prices in real estate in Layton, in the Utah 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 Layton has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.13. In the following month the price per sq.feet rose to $1.25. The price for the following two months in (September, October) had a considerable rise of 358 %. The price per sq.feet has had a considerable rise of 920 % 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 $2.73 to $25.08 during November, and December.
When referring to the price in Layton (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is $1,187. During August the price went through a considerable rise reaching $1,520. During the following two months (September, October) the price has had an average rise from $1,353.5 to $1,460. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $1,435 they are 16 % more affordable than the average price for Layton . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,571.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.93 / sq.feet, with an average $34.72 / sq.feet price in Layton. The properties with the most expensive average prices have 2 bedrooms. They are 83 % more expensive than the average followed by properties with 1 bedroom with a price at $36.95 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,435 it is 6 % more affordable than the average price in Layton. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,683 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $17 / sq.feet followed by "Condo" priced at $112 / sq.feet. "Condo" is the most expensive type of property with a $112 / sq.feet value followed by "Apartment" with an average price of $17 / sq.feet.