The rent prices in real estate in Allston, in the Massachusetts 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 Allston has risen strongly during the last 6 months. In November, the average price per sq.feet was $36.17. In the following month the price per sq.feet fell considerably to $3.23. The price for the following two months in (January, February) had a considerable rise of 309 %. The price per sq.feet has had a considerable rise of 124 % 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 $40.28 to $49.83 during March, and April.
When referring to the price in Allston (cities), this has fallen in the last 6 months. The average price for November is $3,518. During December the price had a slight fall till $3,305. In the following two months the average price has hardly changed with regard to the previous two months from $3,411.5 to $3,256. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $3,333.75 to $3,028 in March and April.
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 $3,121 they are 15 % more affordable than the average price for Allston . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,378.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $11.04 / sq.feet, with an average $24.32 / sq.feet price in Allston. The properties with the most expensive average prices have 4 bedrooms. They are 173 % more expensive than the average followed by properties with 3 bedrooms with a price at $29.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,121 it is 7 % more affordable than the average price in Allston. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $3,859 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Triplex" at an average price of $1.86 / sq.feet followed by "House" priced at $2.52 / sq.feet. "Apartment" is the most expensive type of property with a $112.02 / sq.feet value followed by "Townhouse" with an average price of $65.48 / sq.feet.