The average rent price in the Maine region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Maine has risen considerably in the last 6 months. During May, the average price per sq.feet was $1.68. The following month (June) the price had a considerable rise reaching $3.23 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.45 to $2.38 per sq.feet. In the last two months, the price per sq.feet has had a significant fall of 81 %. This has been obtained by comparing the price of $2.42 for the first four months of the sample with regard to the previous 4 months and the price of $1.97 per sq.feet for the last two months (September, October).
When referring to the price in Maine(region), there have hardly been any changes in the last 6 months. May has an average price of $1,573. During Junethe price had a slight fall till $1,485. In the following two months the average price practically remained the same compared to the previous two going from $1,529 to $1,560.5. During the last two months the average price has not gone through any changes and has gone from $1,544.75 to $1,534.5 during September and October.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 7 % cheaper than the average price in Maine followed by those with 2 with an average price of $1,603. The most expensive properties have 4 bedrooms. They are 149 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,983.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.4 / sq.feet being $2.06 / sq.feet the average for Maine. The properties with the highest average price are those with 1 bedroom. These are 22 % more expensive than the average followed by those with 4 bedrooms with a price of $1.77 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,565 it is 9 % cheaper than the average in Maine. This is followed by "" with a cost of $1,462. The most expensive property type is "Land" and is 51 % more costly than the average, followed by "Condo" with a cost of $2,006.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.68 / sq.feet, followed by "Condo" with a price of $1.75 / sq.feet. "Townhouse" with an average price of $11 / sq.feet is the most expensive type of property followed by "House" at a price of $2.18 / sq.feet.