Property prices for rent in Peace River (Alberta)

The price per sq.feet in Peace River has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.81. In the following month the price per sq.feet rose considerably to $3.03. The price for the following two months in (December, January) had a considerable rise of 214 %. The price per sq.feet has had a considerable fall of 40 % 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 $3.81 to $1.54 during February, and March.

When referring to the price in Peace River (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,035. During November the price went through a considerable rise reaching $1,333. During the following two months (December, January) the average price had a considerable rise of 187 % 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 113 % 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 $1,800 they are 55 % more affordable than the average price for Peace River . Based on the bedrooms values, properties with the most affordable rent prices are those with 3 bedrooms. They are 22 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 47 % more expensive than the average price of ($1 / sq.feet) in Peace River. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 47 % more expensive than the average value aforementioned.