The rent prices in real estate in West Valley City, in the Utah 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 West Valley City has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.21. In February this price barely changed remaining at $1.21 per sq.feet. The price for the following two months in (March, April) had a considerable rise of 504 %. The price per sq.feet has had a considerable rise of 238 % 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 $3.65 to $8.7 during May, and June.
When referring to the price in West Valley City (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $1,047. In February This price remains at $1,073. During the following two months (March, April) the price has had an average rise from $1,060 to $1,206.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 $1,184 they are 18 % more affordable than the average price for West Valley City . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,480.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $6.22 / sq.feet, with an average $9.84 / sq.feet price in West Valley City. The properties with the most expensive average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $9.19 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,184 it is 14 % more affordable than the average price in West Valley City. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,080 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $10.53 / sq.feet followed by "Condo" priced at $15.78 / sq.feet. "Condo" is the most expensive type of property with a $15.78 / sq.feet value followed by "House" with an average price of $10.53 / sq.feet.