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.
The price per sq.feet in Orono has had a strong fall during the last 6 months. In November, the average price per sq.feet was $26. In the following month the price per sq.feet fell considerably to $1.56. The price for the following two months in (January, February) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $7.19 to $1.37 during March, and April.
When referring to the price in Orono (cities), this has risen in the last 6 months. The average price for November is $2,119. During December the price had a considerable fall till $1,633. In the following two months the average price has hardly changed with regard to the previous two months from $1,876 to $1,815.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 183 % 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 $4,454 they are 79 % more affordable than the average price for Orono . The properties with the lowest average price have 2 bedrooms, Their price is 78 % more affordable than the average. After that we have properties with 1 bedroom priced at $922.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,454 it is 78 % 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 $991 it is 50 % 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 $29 / sq.feet. "Farm" at an average price of $29 / sq.feet has the highest price and would be directed at more affluent cities.