The rent prices in real estate in Phoenix, in the Arizona region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Phoenix has risen during the last 6 months. In April, the average price per sq.feet was $1.48. In May this price barely changed remaining at $1.48 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.48 to $1.59 per sq.feet. The price per sq.feet has risen 106 % 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 $1.53 to $1.63 during August, and September.
When referring to the price in Phoenix (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,307. During May the price had a slight fall till $1,153. During the following two months (June, July) the price has had an average rise from $1,230 to $1,409. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,319.5 and $1,315 between August and September.
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 $1,367 they are 20 % more affordable than the average price for Phoenix . The properties with the highest average price have 4 bedrooms, Their price is 104 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,157.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.28 / sq.feet, with an average $1.63 / sq.feet price in Phoenix. The properties with the most expensive average prices have 2 bedrooms. They are 57 % more expensive than the average followed by properties with 1 bedroom with a price at $1.78 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,367 it is 20 % more affordable than the average price in Phoenix. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $1,707 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $1.37 / sq.feet followed by "Apartment" priced at $1.4 / sq.feet. "Townhouse" is the most expensive type of property with a $63.91 / sq.feet value followed by "Condo" with an average price of $6.64 / sq.feet.