The average rent price in the Utah 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 Utah has risen considerably in the last 6 months. During May, the average price per sq.feet was $1.17. The following month the price fell to $1.11 per sq.feet. The following two months (July, August) went through a rise of 108 % in the rent price per sq.feet rising from $1.14 to $1.23 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 203 %. This has been obtained by comparing the price of $1.18 for the first four months of the sample with regard to the previous 4 months and the price of $2.41 per sq.feet for the last two months (September, October).
When referring to the price in Utah(region), there have hardly been any changes in the last 6 months. In the first month sample May the average price is $1,259. In June the price remains at $1,218. In the following two months the average price practically remained the same compared to the previous two going from $1,238.5 to $1,253. During the last two months the average price has not gone through any changes and has gone from $1,245.75 to $1,284.5 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 14 % cheaper than the average price in Utah followed by those with 2 with an average price of $1,280. The most expensive properties have 4 bedrooms. They are 49 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,422.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.99 / sq.feet being $3.53 / sq.feet the average for Utah. The properties with the highest average price are those with 2 bedrooms. These are 478 % more expensive than the average followed by those with 1 bedroom with a price of $16.79 / 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 $1,316 it is 18 % cheaper than the average in Utah. This is followed by "Condo" with a cost of $1,582. The most expensive property type is "" and is 40 % more costly than the average, followed by "Land" with a cost of $1,653.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.06 / sq.feet, followed by "House" with a price of $1.44 / sq.feet. "Condo" with an average price of $75.26 / sq.feet is the most expensive type of property followed by "House" at a price of $1.44 / sq.feet.