The rent prices in real estate in Payson, in the Utah 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 Payson has had a strong fall during the last 6 months. In February, the average price per sq.feet was $0.74. In the following month the price per sq.feet rose considerably to $1.01. The price for the following two months in (April, May) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 119 % 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 $0.44 to $0.52 during June, and July.
When referring to the price in Payson (cities), this has fallen considerably in the last 6 months. The average price for February is $1,624. During March the price had a considerable fall till $958. In the following two months the average price has hardly changed with regard to the previous two months from $1,291 to $1,261.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,276.25 to $1,015.5, which means a 80 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $900 they are 32 % more expensive than the average price for Payson. Following this ranking we find those properties with 4 at an average price of $1,261. The properties with the highest average price have 3 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,383.
According to average price per property type in Payson, "" priced at $1,261 is 40 % more expensive than the average price ($900) in this city.