The rent prices in real estate in University Place, in the Washington 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 University Place has risen during the last 6 months. In July, the average price per sq.feet was $1.61. In the following month the price per sq.feet fell to $1.51. In the following two months the price per sq.feet has risen 107 %, going from $1.56 to $1.66 per sq.feet. The price per sq.feet has had a considerable rise of 115 % 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 $1.61 to $1.86 during November, and December.
When referring to the price in University Place (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,754. In August This price remains at $1,838. During the following two months (September, October) the average price fell 92 % with regard to the previous two months. 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 $1,722 and $1,644.5 between November and December.
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 $1,685 they are 25 % more affordable than the average price for University Place . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,568.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.85 / sq.feet, with an average $1.94 / sq.feet price in University Place. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.95 / sq.feet.
According to average price per property type in University Place, "" priced at $1,522 is 10 % lower than the average price ($1,685) in this city.