The average rent price in the Montana 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 Montana has risen considerably in the last 6 months. During January, the average price per sq.feet was $1.15. The following month (February) the price had a considerable rise reaching $1.44 per sq.feet. In the following two months (March, April) the rent price per sq.feet has increased notably to a 118 %. In the last two months, the price per sq.feet has risen 115 %. This has been obtained by comparing the price $1.41 for the first four months of the sample with regard to the previous 4 months and the price $1.62 per sq.feet for the last two months (May, June).
When referring to the price in Montana(region), this has risen considerably in the last 6 months. The average rent price in January is $1,343. In February the price rose to $1,509. The average price for the following two months (March, April) rose from $1,426 to $1,569. During the last two months the price has gone up 110 % compared to the previous average values going from $1,497.5 a $1,648.5 in May y June.
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 19 % cheaper than the average price in Montana followed by those with 3 with an average price of $1,722. The most expensive properties have 4 bedrooms. They are 56 % more expensive than the average followed by those properties with 2 bedrooms priced at $1,760.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.15 / sq.feet being $1.54 / sq.feet the average for Montana. The properties with the highest average price are those with 1 bedroom. These are 14 % more expensive than the average followed by those with 2 bedrooms with a price of $1.64 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,581 it is 17 % cheaper than the average in Montana. This is followed by "House" with a cost of $1,484. The most expensive property type is "Condo" and is 39 % more costly than the average, followed by "Land" with a cost of $1,772.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.28 / sq.feet, followed by "House" with a price of $1.6 / sq.feet. "Condo" with an average price of $1.92 / sq.feet is the most expensive type of property followed by "House" at a price of $1.6 / sq.feet.