Property prices for rent in Springfield (Massachusetts)
The rent prices in real estate in Springfield, in the Massachusetts region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Springfield has barely changed in the last 6 months. In October, the average price per sq.feet was $1.75. In November this price barely changed remaining at $1.81 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.78 to $1.72 per sq.feet. The price per sq.feet has risen 108 % 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 $1.75 to $1.88 during February, and March.
When referring to the price in Springfield (cities), this has fallen in the last 6 months. The average price for October is $1,887. During November the price had a slight fall till $1,789. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,754 and $1,694.5 between February and March.
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 $1,679 they are 13 % more affordable than the average price for Springfield . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,890.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.63 / sq.feet, with an average $1.94 / sq.feet price in Springfield. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,679 it is 26 % more affordable than the average price in Springfield. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,648 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.66 / sq.feet followed by "House" priced at $1.95 / sq.feet. "Duplex" is the most expensive type of property with a $2.16 / sq.feet value followed by "House" with an average price of $1.95 / sq.feet.
