The rent prices in real estate in Medford, 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 Medford has risen strongly during the last 6 months. In August, the average price per sq.feet was $0.92. In the following month the price per sq.feet rose considerably to $1.11. In the following two months the price per sq.feet has risen 114 %, going from $1.01 to $1.16 per sq.feet. The price per sq.feet has had a considerable rise of 125 % 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 $1.09 to $1.36 during December, and January.
When referring to the price in Medford (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is $1,151. During September the price went through a considerable rise reaching $1,357. During the following two months (October, November) the price has had an average rise from $1,254 to $1,391. 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 1 bedroom are the most affordable ones. At a price of $1,432 they are 22 % more affordable than the average price for Medford . The properties with the highest average price have 3 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,681.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.31 / sq.feet price in Medford. The properties with the most expensive average prices have 4 bedrooms. They are 2311 % more expensive than the average followed by properties with 1 bedroom with a price at $2.42 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,432 it is 19 % more affordable than the average price in Medford. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,165 it is 13 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $1.9 / sq.feet. "House" at an average price of $1.9 / sq.feet has the highest price and would be directed at more affluent cities.