The rent prices in real estate in Philomath, in the Oregon 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 Philomath has risen strongly during the last 6 months. In July, the average price per sq.feet was $0.99. In August this price barely changed remaining at $1 per sq.feet. The price for the following two months in (September, October) had a considerable rise of 127 %. The price per sq.feet has had a considerable rise of 118 % 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 $1.13 to $1.33 during November, and December.
When referring to the price in Philomath (cities), there have hardly been any changes in the last 6 months. The average price for July is $1,267. During August the price had a slight fall till $1,094. In the following two months the average price has hardly changed with regard to the previous two months from $1,180.5 to $1,133.5. Based on an analysis of the first four prices and the last two months the average price has increased 115 % 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 $1,290 they are 16 % more affordable than the average price for Philomath . The properties with the highest average price have 3 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,220.
According to average price per property type in Philomath, "" priced at $1,220 is 5 % lower than the average price ($1,290) in this city.