The rent prices in real estate in Phoenix, in the Arizona region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Phoenix has barely changed in the last 6 months. In October, the average price per sq.feet was $1.59. In November this price barely changed remaining at $1.55 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $1.57 to $1.73 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.65 to $1.6 during February y March
When referring to the price in Phoenix (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,519. In November This price remains at $1,463. In the following two months the average price has hardly changed with regard to the previous two months from $1,491 to $1,443.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,467.25 to $1,362 in February and March.
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 $1,380 they are 10 % more affordable than the average price for Phoenix . The properties with the highest average price have 4 bedrooms, Their price is 93 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,993.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.19 / sq.feet, with an average $1.63 / sq.feet price in Phoenix. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.58 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,380 it is 18 % more affordable than the average price in Phoenix. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,819 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "Condo" priced at $1.38 / sq.feet. "Apartment" is the most expensive type of property with a $75.64 / sq.feet value followed by "Townhouse" with an average price of $14.44 / sq.feet.