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 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.
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.
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.
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.