Property prices for rent in Newport (Oregon)

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.

$1,582
Average price last 6 months
$15.46
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

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 $1,272 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.

Price per property type

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.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Newport
Number of properties used in region Oregon
$1,272
$2.2
76
50,176
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value