The rent prices in real estate in Cromwell, in the Connecticut 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 Cromwell has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.5. In the following month the price per sq.feet rose considerably to $1.74. In the following two months the price per sq.feet has risen 106 %, going from $1.62 to $1.72 per sq.feet. The price per sq.feet has had a considerable rise of 126 % 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 $1.67 to $2.11 during February, and March.
When referring to the price in Cromwell (cities), this has fallen considerably in the last 6 months. The average price for October is $2,500. During November the price had a considerable fall till $1,931. In the following two months the average price has hardly changed with regard to the previous two months from $2,215.5 to $2,164. During the last two months the average price has fallen greatly compared to the previous four going from $2,189.75 to $1,803.5, which means a 82 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,756 they are 24 % more affordable than the average price for Cromwell . The properties with the highest average price have 2 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,715.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $2.01 / sq.feet price in Cromwell. The properties with the most expensive average prices have 4 bedrooms. They are 1691 % more expensive than the average followed by properties with 1 bedroom with a price at $2.3 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,756 it is 25 % more affordable than the average price in Cromwell. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,338 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $22 / sq.feet followed by "House" priced at $36 / sq.feet. "House" is the most expensive type of property with a $36 / sq.feet value followed by "Condo" with an average price of $22 / sq.feet.