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 October, the average price per sq.feet was $3.53. The following month (November) the price had a considerable rise reaching $18.53 per sq.feet. In the following two months (December, January) the rent price per sq.feet has increased notably to a 158 %. In the last two months, the price per sq.feet has had a significant rise of 230 %. This has been obtained by comparing the price of $14.2 for the first four months of the sample with regard to the previous 4 months and the price of $32.63 per sq.feet for the last two months (February, March).
When referring to the price in Utah(region), this has risen in the last 6 months. The average rent price in October is $1,316. In November the price rose to $1,384. The average price for the following two months (December, January) rose from $1,350 to $1,444.5. During the last two months the price has gone up 108 % compared to the previous average values going from $1,397.25 a $1,507 in February y March.
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 $1,376. The most expensive properties have 4 bedrooms. They are 50 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,606.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.94 / sq.feet being $24.31 / sq.feet the average for Utah. The properties with the highest average price are those with 1 bedroom. These are 12 % more expensive than the average followed by those with 2 bedrooms with a price of $26.67 / 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 $1,377 it is 16 % cheaper than the average in Utah. This is followed by "Land" with a cost of $1,726. The most expensive property type is "" and is 267 % more costly than the average, followed by "Townhouse" with a cost of $2,433.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.05 / sq.feet, followed by "House" with a price of $1.45 / sq.feet. "Townhouse" with an average price of $122.53 / sq.feet is the most expensive type of property followed by "Condo" at a price of $118.56 / sq.feet.