Property prices for rent in Tempe (Arizona)
The rent prices in real estate in Tempe, in the Arizona 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 Tempe has had a strong fall during the last 6 months. In April, the average price per sq.feet was $13.62. In the following month the price per sq.feet fell considerably to $4.56. In the following two months the price per sq.feet has practically remained the same, going from $9.09 to $9.38 per sq.feet. The price per sq.feet has had a considerable fall of 16 % 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 $9.23 to $1.48 during August, and September.
When referring to the price in Tempe (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $1,527. In May This price remains at $1,512. In the following two months the average price has hardly changed with regard to the previous two months from $1,519.5 to $1,458. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,488.75 to $1,391.5 in August and September.
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 $1,384 they are 13 % more affordable than the average price for Tempe . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,741.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $1.49 / sq.feet price in Tempe. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,384 it is 34 % more affordable than the average price in Tempe. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,639 it is 26 % 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 $1.11 / sq.feet followed by "House" priced at $1.54 / sq.feet. "Townhouse" is the most expensive type of property with a $66 / sq.feet value followed by "Office" with an average price of $9 / sq.feet.
