The rent prices in real estate in Midway, in the Utah 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 Midway has risen strongly during the last 6 months. In December, the average price per sq.feet was $2.76. In January this price barely changed remaining at $2.71 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 567 %. The price per sq.feet has had a considerable fall of 16 % 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 $9.12 to $1.5 during April, and May.
When referring to the price in Midway (cities), this has fallen in the last 6 months. In our first sample month during December, the average price is $2,083. In January This price remains at $2,067. In the following two months the average price has hardly changed with regard to the previous two months from $2,075 to $2,016. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $2,045.5 to $1,802.5 in April and May.
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 $2,382 they are 50 % more affordable than the average price for Midway . The properties with the highest average price have 2 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,192.
According to average price per property type in Midway, "" priced at $2,543 is 7 % more expensive than the average price ($2,382) in this city.