The rent prices in real estate in Tempe, in the Arizona region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Tempe has risen during the last 6 months. In January, the average price per sq.feet was $1.86. In February this price barely changed remaining at $1.86 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.86 to $1.95 per sq.feet. The price per sq.feet has risen 106 % 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 $1.9 to $2.02 during May, and June.
When referring to the price in Tempe (cities), this has fallen in the last 6 months. The average price for January is $2,056. During February the price had a slight fall till $1,884. In the following two months the average price has hardly changed with regard to the previous two months from $1,970 to $1,933. 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 $1,951.5 and $1,992 between May and June.
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 $2,016 they are 18 % more affordable than the average price for Tempe . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,515.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.65 / sq.feet, with an average $2.02 / sq.feet price in Tempe. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.91 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,016 it is 56 % more affordable than the average price in Tempe. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $2,424 it is 30 % 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 $1.72 / sq.feet followed by "Townhouse" priced at $2.09 / sq.feet. "Apartment" is the most expensive type of property with a $140 / sq.feet value followed by "House" with an average price of $2.11 / sq.feet.