The rent prices in real estate in Molalla, 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 Molalla has had a strong fall during the last 6 months. In December, the average price per sq.feet was $1.68. In the following month the price per sq.feet fell considerably to . The price for the following two months in (February, March) had a considerable rise of 196 %. The price per sq.feet has had a considerable fall of 80 % 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 $1.25 to $1 during April, and May.
When referring to the price in Molalla (cities), this has risen in the last 6 months. The average price during our first sample month during December, is $1,440. During January the price went through a considerable rise reaching $2,394. During the following two months (February, March) the average price had a considerable fall of 78 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,708.5 to $1,425, which means a 83 % fall.
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 $1,433 they are 24 % more affordable than the average price for Molalla . The properties with the highest average price have 3 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,312.
According to average price per property type in Molalla, "" priced at $1,196 is 17 % lower than the average price ($1,433) in this city.