The rent prices in real estate in Riverton, in the Utah 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 Riverton has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.96. In the following month the price per sq.feet rose considerably to $26.84. The price for the following two months in (December, January) had a considerable rise of 260 %. The price per sq.feet has had a considerable fall of 63 % 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 $25.01 to $15.8 during February, and March.
When referring to the price in Riverton (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,676. In November This price remains at $1,664. In the following two months the average price has hardly changed with regard to the previous two months from $1,670 to $1,746. 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 $1,708 and $1,744 between 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 $1,647 they are 27 % more affordable than the average price for Riverton . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,812.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $38 / sq.feet, with an average $7.71 / sq.feet price in Riverton. The properties with the most expensive average prices have 2 bedrooms. They are 1184 % more expensive than the average followed by properties with 1 bedroom with a price at $52 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,647 it is 5 % more affordable than the average price in Riverton. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,805 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $67 / sq.feet followed by "Condo" priced at $87 / sq.feet. "Condo" is the most expensive type of property with a $87 / sq.feet value followed by "Apartment" with an average price of $67 / sq.feet.