The rent prices in real estate in Spanish Fork, 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 Spanish Fork has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.1. In the following month the price per sq.feet fell considerably to $0.92. The price for the following two months in (May, June) had a considerable fall of 76 with regard to the previous two months. 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 $0.89 to $0.88 during July y August
When referring to the price in Spanish Fork (cities), this has risen in the last 6 months. The rent price in March is $1,170, rising in April till $1,304. During the following two months (May, June) the price has had an average rise from $1,237 to $1,348.5. 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 $1,292.75 and $1,250.5 between July and August.
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 $1,299 they are 35 % more affordable than the average price for Spanish Fork . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,272.
According to average price per property type in Spanish Fork, "" priced at $1,152 is 11 % lower than the average price ($1,299) in this city.