The rent prices in real estate in Tucson, in the Arizona region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Tucson has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.07. In the following month the price per sq.feet rose to $1.21. In the following two months the price per sq.feet has risen 110 %, going from $1.14 to $1.25 per sq.feet. The price per sq.feet has risen 112 % 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 $1.19 to $1.34 during August, and September.
When referring to the price in Tucson (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $948. During May the price went through a considerable rise reaching $1,192. During the following two months (June, July) the price has had an average rise from $1,070 to $1,135. 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 $1,102.5 and $1,129.5 between 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 $1,242 they are 27 % more affordable than the average price for Tucson . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,884.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.35 / sq.feet price in Tucson. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,242 it is 31 % more affordable than the average price in Tucson. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,440 it is 37 % 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 $1.21 / sq.feet followed by "House" priced at $1.38 / sq.feet. "Land" is the most expensive type of property with a $1.54 / sq.feet value followed by "House" with an average price of $1.38 / sq.feet.