Property prices for rent in Tempe (Arizona)
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 November, the average price per sq.feet was $1.77. In December this price barely changed remaining at $1.77 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $1.77 to $1.94 per sq.feet. The price per sq.feet has risen 107 % 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 $1.86 to $1.98 during March, and April.
When referring to the price in Tempe (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,660. In December This price remains at $1,713. In the following two months the average price has hardly changed with regard to the previous two months from $1,686.5 to $1,768.5. 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 $1,727.5 and $1,752 between March and April.
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 $1,784 they are 13 % more affordable than the average price for Tempe . The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,404.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.81 / sq.feet, with an average $2.01 / sq.feet price in Tempe. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.84 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,784 it is 0 % more expensive than the average price in Tempe. "" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $3,083 it is 335 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.68 / sq.feet followed by "Condo" priced at $1.93 / sq.feet. "Apartment" is the most expensive type of property with a $7.96 / sq.feet value followed by "House" with an average price of $2 / sq.feet.
