The rent prices in real estate in Lincoln City, 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 Lincoln City has had a strong fall during the last 6 months. In November, the average price per sq.feet was $33. In the following month the price per sq.feet fell considerably to $9. The price for the following two months in (January, February) had a considerable fall of 25 with regard to the previous two months. The price per sq.feet has had a considerable rise of 222 % 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 $13.08 to $29 during March, and April.
When referring to the price in Lincoln City (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,498, rising in December till $1,598. In the following two months the average price has hardly changed with regard to the previous two months from $1,548 to $1,551.5. 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 $1,549.75 and $1,507 between March and April.
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 $1,436 they are 13 % more affordable than the average price for Lincoln City . The properties with the lowest average price have 2 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,248.
With regard to the average prices per sq.feet those properties with 1 bedroom are 32 % more expensive than the average price of ($41 / sq.feet) in Lincoln City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 32 % more expensive than the average value aforementioned.
According to average price per property type in Lincoln City, "" priced at $1,241 is 14 % lower than the average price ($1,436) in this city.