The average rent price in the Oregon 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 Oregon has risen considerably in the last 6 months. During March, the average price per sq.feet was $1.99. The following month (April) the price rose to $2.13 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.06 to $2.12 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 874 %. This has been obtained by comparing the price of $2.09 for the first four months of the sample with regard to the previous 4 months and the price of $18.26 per sq.feet for the last two months (July, August).
When referring to the price in Oregon(region), this has risen in the last 6 months. March has an average price of $1,490. During Aprilthe price had a slight fall till $1,395. The average price for the following two months (May, June) rose from $1,442.5 to $1,571.5. During the last two months the price has had a considerable rise of 120 % with respect to the previous four months going from $1,507 a $1,802.5.
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 5 % cheaper than the average price in Oregon followed by those with 2 with an average price of $1,947. The most expensive properties have 4 bedrooms. They are 57 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,369.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.37 / sq.feet being $34.63 / sq.feet the average for Oregon. The properties with the highest average price are those with 1 bedroom. These are 46 % more expensive than the average followed by those with 2 bedrooms with a price of $15.97 / 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 $1,931 it is 25 % cheaper than the average in Oregon. This is followed by "" with a cost of $1,657. The most expensive property type is "Condo" and is 27 % more costly than the average, followed by "Land" with a cost of $2,266.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1.59 / sq.feet, followed by "House" with a price of $2.09 / sq.feet. "Land" with an average price of $148.84 / sq.feet is the most expensive type of property followed by "Detached House" at a price of $26 / sq.feet.