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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Newport has risen strongly during the last 6 months. In November, the average price per sq.feet was $7.15. In the following month the price per sq.feet rose considerably to $8.91. The price for the following two months in (January, February) had a considerable fall of 80 with regard to the previous two months. The price per sq.feet has had a considerable rise of 320 % 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 $7.22 to $23.07 during March, and April.

Average price

When referring to the price in Newport (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,648. During December the price had a slight fall till $1,468. In the following two months the average price has hardly changed with regard to the previous two months from $1,558 to $1,562.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.

Average price per bedrooms

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 $1,631 they are 38 % more affordable than the average price for Newport . The properties with the highest average price have 2 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,515.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.91 / sq.feet, with an average $2.14 / sq.feet price in Newport. The properties with the most expensive average prices have 1 bedroom. They are 1027 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.91 / sq.feet.

Price per property type

According to average price per property type in Newport, "" priced at $1,364 is 16 % lower than the average price ($1,631) in this city.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Newport
Number of properties used in region Oregon
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value