The rent prices in real estate in Portland, 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 Portland has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.67. In the following month the price per sq.feet rose considerably to $5.45. The price for the following two months in (November, December) had a considerable fall of 54 with regard to the previous two months. The price per sq.feet has had a considerable rise of 213 % 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 $3.12 to $6.64 during January, and February.
When referring to the price in Portland (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,533. In October This price remains at $1,523. During the following two months (November, December) the price has had an average rise from $1,528 to $1,612. 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 $1,570 and $1,526.5 between January and February.
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 $1,463 they are 7 % more affordable than the average price for Portland . The properties with the highest average price have 4 bedrooms, Their price is 99 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,374.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.38 / sq.feet, with an average $8.49 / sq.feet price in Portland. The properties with the most expensive average prices have 2 bedrooms. They are 54 % more expensive than the average followed by properties with 1 bedroom with a price at $10.41 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,463 it is 12 % more affordable than the average price in Portland. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,147 it is 91 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.3 / sq.feet followed by "Condo" priced at $6.4 / sq.feet. "Townhouse" is the most expensive type of property with a $182.57 / sq.feet value followed by "Detached House" with an average price of $92.21 / sq.feet.