The rent prices in real estate in Mcminnville, 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 Mcminnville has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.43. In May this price barely changed remaining at $1.41 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.42 to $1.41 per sq.feet. The price per sq.feet has had a considerable rise of 252 % 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 $1.41 to $3.57 during August, and September.
When referring to the price in Mcminnville (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $1,355. In May This price remains at $1,378. In the following two months the average price has hardly changed with regard to the previous two months from $1,366.5 to $1,314. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,340.25 to $1,187 in August and September.
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 $1,101 they are 53 % more affordable than the average price for Mcminnville . The properties with the highest average price have 4 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,835.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.26 / sq.feet, with an average $5.74 / sq.feet price in Mcminnville. The properties with the most expensive average prices have 1 bedroom. They are 85 % more expensive than the average followed by properties with 2 bedrooms with a price at $8.67 / sq.feet.
According to average price per property type in Mcminnville, "" priced at $1,241 is 13 % more expensive than the average price ($1,101) in this city.