Property prices for rent in Lincoln City (Oregon)
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 October, the average price per sq.feet was $1.77. In the following month the price per sq.feet fell considerably to $1.34. The price for the following two months in (December, January) had a considerable fall of 69 with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $1.32 to $0.81 during February, and March.
When referring to the price in Lincoln City (cities), this has fallen in the last 6 months. The average price for October is $1,392. During November the price had a considerable fall till $1,067. In the following two months the average price has hardly changed with regard to the previous two months from $1,229.5 to $1,211.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,277 they are 14 % more affordable than the average price for Lincoln City . The properties with the lowest average price have 3 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,198.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $1.61 / sq.feet price in Lincoln City. The properties with the most expensive average prices have 3 bedrooms. They are 707 % more expensive than the average followed by properties with 1 bedroom with a price at $2.15 / sq.feet.
According to average price per property type in Lincoln City, "" priced at $1,239 is 3 % lower than the average price ($1,277) in this city.
