Property prices for rent in Orem (Utah)
The rent prices in real estate in Orem, in the Utah 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 Orem has fallen during the last 6 months. In October, the average price per sq.feet was $1.58. In November this price barely changed remaining at $1.6 per sq.feet. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.54 to $1.43 during February, and March.
When referring to the price in Orem (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,524. In November This price remains at $1,570. During the following two months (December, January) the price has had an average rise from $1,547 to $1,625. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,586 and $1,626.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,605 they are 24 % more affordable than the average price for Orem . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,704.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.43 / sq.feet price in Orem. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.54 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,605 it is 9 % more affordable than the average price in Orem. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,619 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.06 / sq.feet. "Apartment" is the most expensive type of property with a $1.52 / sq.feet value followed by "House" with an average price of $1.06 / sq.feet.
