The rent prices in real estate in Monmouth, 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 Monmouth has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.71. In April this price barely changed remaining at $1.63 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 60 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1.34 to $1.16 during July, and August.
When referring to the price in Monmouth (cities), this has risen in the last 6 months. The rent price in March is $1,345, rising in April till $1,543. During the following two months (May, June) the price has had an average rise from $1,444 to $1,622.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,533.25 to $1,217, which means a 79 % 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 $1,026 they are 24 % more affordable than the average price for Monmouth . The properties with the highest average price have 4 bedrooms, Their price is 136 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,932.
According to average price per property type in Monmouth, "" priced at $1,601 is 56 % more expensive than the average price ($1,026) in this city.