The rent prices in real estate in Orono, in the Maine 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 Orono has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.24. In the following month the price per sq.feet rose considerably to $20. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has had a considerable fall of 40 % 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 $9.81 to $3.97 during February, and March.
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 October, is $1,480. During November the price went through a considerable rise reaching $2,030. During the following two months (December, January) the average price had a considerable rise of 136 % 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 130 % during the last two months.
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 $3,241 they are 71 % more affordable than the average price for Orono . The properties with the lowest average price have 2 bedrooms, Their price is 68 % more affordable than the average. After that we have properties with 1 bedroom priced at $942.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,241 it is 68 % 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 $1,022 it is 29 % 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 $54 / sq.feet. "Farm" at an average price of $54 / sq.feet has the highest price and would be directed at more affluent cities.