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.
The price per sq.feet in Orono has had a strong fall during the last 6 months. In October, the average price per sq.feet was $16.23. In the following month the price per sq.feet fell considerably to $9.2. The price for the following two months in (December, January) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $7.15 to $1.43 during February, and March.
When referring to the price in Orono (cities), this has fallen considerably in the last 6 months. The average price for October is $17,750. During November the price had a considerable fall till $11,267. During the following two months (December, January) the average price had a considerable fall of 17 % 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 $8,511.75 to $2,272.5, which means a 27 % fall.
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 $2,471 they are 63 % more affordable than the average price for Orono . The properties with the lowest average price have 2 bedrooms, Their price is 60 % more affordable than the average. After that we have properties with 1 bedroom priced at $909.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,471 it is 60 % more affordable than the average price in Orono. "Detached House" is seen as the second most affordable property type. The most affordable property is "Detached House" followed by "". At a price of $978 it is 12 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Detached House with an average cost of $11 / sq.feet. "Detached House" at an average price of $11 / sq.feet has the highest price and would be directed at more affluent cities.
