The rent prices in real estate in Salt Lake City, in the Utah region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Salt Lake City has barely changed in the last 6 months. In August, the average price per sq.feet was $1.8. In September this price barely changed remaining at $1.75 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.77 to $1.79 per sq.feet. The price per sq.feet has risen 114 % 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 $1.78 to $2.03 during December, and January.
When referring to the price in Salt Lake City (cities), there have hardly been any changes in the last 6 months. The rent price in August is $1,569, rising in September till $1,671. In the following two months the average price has hardly changed with regard to the previous two months from $1,620 to $1,547.5. 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 $1,583.75 and $1,639.5 between December and January.
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 $1,582 they are 6 % more affordable than the average price for Salt Lake City . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,390.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.47 / sq.feet, with an average $2.06 / sq.feet price in Salt Lake City. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.76 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,582 it is 42 % more affordable than the average price in Salt Lake City. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,133 it is 38 % 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 $1.59 / sq.feet followed by "Apartment" priced at $1.7 / sq.feet. "Townhouse" is the most expensive type of property with a $109 / sq.feet value followed by "House" with an average price of $2.24 / sq.feet.