The rent prices in real estate in Newport, 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 Newport has had a strong fall during the last 6 months. In March, the average price per sq.feet was $44. In the following month the price per sq.feet fell considerably to $2.14. The price for the following two months in (May, June) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 9 % 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 $22.15 to $2.1 during July, and August.
When referring to the price in Newport (cities), this has fallen in the last 6 months. The average price for March is $1,754. During April the price had a slight fall till $1,631. In the following two months the average price has hardly changed with regard to the previous two months from $1,692.5 to $1,752. During the last two months the average price has fallen greatly compared to the previous four going from $1,722.25 to $1,301.5, which means a 76 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,272 they are 21 % more affordable than the average price for Newport . The properties with the highest average price have 2 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,158.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1627 % more expensive than the average price of ($38 / sq.feet) in Newport. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1627 % more expensive than the average value aforementioned.
According to average price per property type in Newport, "" priced at $1,356 is 7 % more expensive than the average price ($1,272) in this city.