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 October, the average price per sq.feet was $1.12. In the following month the price per sq.feet fell considerably to $0.86. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 127 % 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 $0.96 to $1.22 during February, and March.
When referring to the price in Spanish Fork (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $1,317. During November the price went through a considerable rise reaching $1,604. During the following two months (December, January) the price has had an average rise from $1,460.5 to $1,538. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $1,499.25 to $1,423.5 in 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 $1,449 they are 33 % more affordable than the average price for Spanish Fork . The properties with the highest average price have 4 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,282.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1.26 / sq.feet, with an average $1.19 / sq.feet price in Spanish Fork. The properties with the most expensive average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.26 / sq.feet.
According to average price per property type in Spanish Fork, "" priced at $1,519 is 5 % more expensive than the average price ($1,449) in this city.