The rent prices in real estate in Portland, in the Oregon 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 Portland has risen during the last 6 months. In December, the average price per sq.feet was $1.92. In January this price barely changed remaining at $1.9 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.91 to $2.12 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 $2.02 to $2.11 during April y May
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 December, the average price is $1,603. In January This price remains at $1,629. During the following two months (February, March) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,574.5 to $1,481.5 in April and May.
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 $1,373 they are 7 % more affordable than the average price for Portland . The properties with the highest average price have 4 bedrooms, Their price is 90 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,016.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.3 / sq.feet, with an average $2.07 / sq.feet price in Portland. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.7 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,373 it is 4 % more affordable than the average price in Portland. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,655 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.68 / sq.feet followed by "House" priced at $2.1 / sq.feet. "House" is the most expensive type of property with a $2.1 / sq.feet value followed by "Condo" with an average price of $1.68 / sq.feet.