Property prices for rent in Hinton (Alberta)
The rent prices in real estate in Hinton, in the Alberta region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Hinton has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.89. In November this price barely changed remaining at $2.88 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.65 to $2.08 during February, and March.
When referring to the price in Hinton (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,477. In November This price remains at $1,487. During the following two months (December, January) the average price had a considerable rise of 118 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,615.75 to $1,362, which means a 84 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,210 they are 3 % more expensive than the average price for Hinton. Following this ranking we find those properties with 2 at an average price of $1,492. The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,694.
With regard to the average prices per sq.feet those properties with 1 bedroom are 14 % more affordable than the average price of ($1 / sq.feet) in Hinton. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 14 % more affordable than the average value aforementioned.
According to average price per property type in Hinton, "" priced at $1,932 is 60 % more expensive than the average price ($1,210) in this city.
