The rent prices in real estate in Spanish Fork, in the Utah region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Spanish Fork has fallen during the last 6 months. In July, the average price per sq.feet was $1.18. In the following month the price per sq.feet fell to $1.11. The price for the following two months in (September, October) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $1.11 to $1.04 during November, and December.
When referring to the price in Spanish Fork (cities), there have hardly been any changes in the last 6 months. The rent price in July is $1,811, rising in August till $1,947. In the following two months the average price has hardly changed with regard to the previous two months from $1,879 to $1,966.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,922.75 to $1,769.5 in November and December.
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 $1,753 they are 39 % more affordable than the average price for Spanish Fork . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,869.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.94 / sq.feet, with an average $1.05 / sq.feet price in Spanish Fork. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.32 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,753 it is 31 % more affordable than the average price in Spanish Fork. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,549 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $1.19 / sq.feet. "Condo" is the most expensive type of property with a $1.2 / sq.feet value followed by "Apartment" with an average price of $1.19 / sq.feet.