Property prices for rent in Morinville (Alberta)
The rent prices in real estate in Morinville, in the Alberta region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Morinville has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.36. In the following month the price per sq.feet rose considerably to $1.64. The price for the following two months in (December, January) had a considerable rise of 150 %. The price per sq.feet has had a considerable rise of 133 % 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 $1.88 to $2.5 during February, and March.
When referring to the price in Morinville (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $1,185. During November the price went through a considerable rise reaching $1,611. During the following two months (December, January) the average price had a considerable fall of 83 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,423 they are 36 % more affordable than the average price for Morinville . The properties with the lowest average price have 2 bedrooms, Their price is 23 % more affordable than the average. After that we have properties with 3 bedrooms priced at $966.
According to average price per property type in Morinville, "" priced at $962 is 32 % lower than the average price ($1,423) in this city.
