The rent prices in real estate in Murray, in the Utah 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 Murray has had a strong fall during the last 6 months. In May, the average price per sq.feet was $7.42. In the following month the price per sq.feet rose to $8.24. The price for the following two months in (July, August) had a considerable fall of 58 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $6.19 to $1.07 during September, and October.
When referring to the price in Murray (cities), this has risen in the last 6 months. In our first sample month during May, the average price is $965. In June This price remains at $970. During the following two months (July, August) the price has had an average rise from $967.5 to $1,047. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % 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 $1,243 they are 31 % more affordable than the average price for Murray . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,612.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.97 / sq.feet, with an average $1.09 / sq.feet price in Murray. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.09 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,243 it is 26 % more affordable than the average price in Murray. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $970 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.06 / sq.feet followed by "House" priced at $1.12 / sq.feet. "House" is the most expensive type of property with a $1.12 / sq.feet value followed by "Condo" with an average price of $1.06 / sq.feet.