Property prices for rent in Old Orchard Beach (Maine)
The rent prices in real estate in Old Orchard Beach, in the Maine region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Old Orchard Beach has fallen during the last 6 months. In October, the average price per sq.feet was $3.22. In the following month the price per sq.feet rose to $3.61. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $3.11 to $2.48 during February, and March.
When referring to the price in Old Orchard Beach (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $2,202. During November the price went through a considerable rise reaching $5,495. During the following two months (December, January) the average price had a considerable fall of 47 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,834.5 to $2,107.5, which means a 74 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,119 they are 23 % more affordable than the average price for Old Orchard Beach . The properties with the highest average price have 3 bedrooms, Their price is 578 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,161.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $2.52 / sq.feet price in Old Orchard Beach. The properties with the most expensive average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / sq.feet.
According to average price per property type in Old Orchard Beach, "" priced at $1,627 is 23 % lower than the average price ($2,119) in this city.
