The rent prices in real estate in Provo, in the Utah 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 Provo has risen during the last 6 months. In October, the average price per sq.feet was $1.36. In November this price barely changed remaining at $1.39 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from $1.38 to $1.48 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 $1.43 to $1.39 during February y March
When referring to the price in Provo (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,499. In November This price remains at $1,491. In the following two months the average price has hardly changed with regard to the previous two months from $1,495 to $1,542. During the last two months the average price has fallen greatly compared to the previous four going from $1,518.5 to $1,263, which means a 83 % fall.
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 $1,210 they are 20 % more affordable than the average price for Provo . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,554.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $1.36 / sq.feet price in Provo. The properties with the most expensive average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,210 it is 44 % more affordable than the average price in Provo. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $2,372 it is 96 % 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 $0.77 / sq.feet followed by "Townhouse" priced at $1 / sq.feet. "Apartment" is the most expensive type of property with a $1.59 / sq.feet value followed by "House" with an average price of $1.17 / sq.feet.