The rent prices in real estate in Newberg, in the Oregon region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Newberg has risen during the last 6 months. In January, the average price per sq.feet was $1.33. In February this price barely changed remaining at $1.31 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.32 to $1.37 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $1.58 during May, and June.
When referring to the price in Newberg (cities), this has fallen in the last 6 months. The average price for January is $1,775. During February the price had a slight fall till $1,598. During the following two months (March, April) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,589 and $1,552 between May and June.
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 $1,462 they are 10 % more affordable than the average price for Newberg . The properties with the highest average price have 4 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,780.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.58 / sq.feet, with an average $1.68 / sq.feet price in Newberg. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.58 / sq.feet.
According to average price per property type in Newberg, "" priced at $1,818 is 24 % more expensive than the average price ($1,462) in this city.