The rent prices in real estate in Smithfield, in the Utah region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Smithfield has had a strong fall during the last 6 months. In September, the average price per sq.feet was $0.91. In October this price barely changed remaining at $0.95 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 159 % 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 $0.47 to $0.74 during January, and February.
When referring to the price in Smithfield (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $875. In October This price remains at $918. During the following two months (November, December) the average price had a considerable rise of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 127 % during the last two months.
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 $1,266 they are 53 % more affordable than the average price for Smithfield . The properties with the highest average price have 2 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 1 bedroom priced at $591.
According to average price per property type in Smithfield, "" priced at $1,306 is 3 % more expensive than the average price ($1,266) in this city.