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.