The rent prices in real estate in Wellton, 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 Wellton has risen strongly during the last 6 months. In April, the average price per sq.feet was $3. In May this price barely changed remaining at $3 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 367 %. The price per sq.feet has had a considerable rise of 257 % 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 $7 to $18 during August, and September.
When referring to the price in Wellton (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $740. In May This price remains at $740. During the following two months (June, July) the average price had a considerable fall of 82 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $739 they are 15 % more affordable than the average price for Wellton . The properties with the lowest average price have 1 bedroom, Their price is 3 % more affordable than the average. After that we have properties with 4 bedrooms priced at $626.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $20 / sq.feet, with an average $2 / sq.feet price in Wellton. The properties with the most expensive average prices have 1 bedroom. They are 1550 % more expensive than the average followed by properties with 4 bedrooms with a price at $20 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $739 it is 17 % more affordable than the average price in Wellton. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $617 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $11 / sq.feet followed by "House" priced at $20 / sq.feet. "House" is the most expensive type of property with a $20 / sq.feet value followed by "Condo" with an average price of $11 / sq.feet.