Property prices for rent in Newport (Oregon)
The rent prices in real estate in Newport, in the Oregon region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Newport has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.34. In the following month the price per sq.feet rose considerably to $45.78. In the following two months the price per sq.feet has practically remained the same, going from $23.56 to $23.47 per sq.feet. The price per sq.feet has had a considerable fall of 8 % 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 $23.51 to $1.86 during April, and May.
When referring to the price in Newport (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $1,738. During January the price went through a considerable rise reaching $2,067. During the following two months (February, March) the price has had an average rise from $1,902.5 to $2,186.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 163 % during the last two months.
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 $2,390 they are 58 % more affordable than the average price for Newport . The properties with the lowest average price have 2 bedrooms, Their price is 18 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,042.
With regard to the average prices per sq.feet those properties with 1 bedroom are 48 % more affordable than the average price of ($1 / sq.feet) in Newport. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 48 % more affordable than the average value aforementioned.
According to average price per property type in Newport, "" priced at $1,346 is 44 % lower than the average price ($2,390) in this city.
