Property prices for rent in Orono (Maine)

The rent prices in real estate in Orono, in the Maine region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$2,490.33
Average price last 6 months
$7.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Orono has had a strong fall during the last 6 months. In May, the average price per sq.feet was $19. In the following month the price per sq.feet fell considerably to $7. The price for the following two months in (July, August) had a considerable fall of 38 with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $9 to $5.5 during September, and October.

Average price

When referring to the price in Orono (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $2,027. During June the price went through a considerable rise reaching $2,886. During the following two months (July, August) the average price had a considerable fall of 81 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 136 % during the last two months.

Average price per bedrooms

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 $2,801 they are 66 % more affordable than the average price for Orono . The properties with the lowest average price have 2 bedrooms, Their price is 64 % more affordable than the average. After that we have properties with 1 bedroom priced at $940.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,801 it is 64 % more affordable than the average price in Orono. "Farm" is seen as the second most affordable property type. The most affordable property is "Farm" followed by "". At a price of $1,018 it is 18 % more affordable than the average price.

According to the average area price by sq.feet the most expensive property type is "Farm with an average cost of $47 / sq.feet. "Farm" at an average price of $47 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Orono
Number of properties used in region Maine
$2,801
$5
58
2,004
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value