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 October, the average price per sq.feet was $2.66. In November this price barely changed remaining at $2.73 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.69 to $2.81 per sq.feet. The price per sq.feet has had a considerable rise of 343 % 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 $2.75 to $9.44 during February, and March.
When referring to the price in Allston (cities), this has risen in the last 6 months. The average price for October is $2,583. During November the price had a slight fall till $2,402. During the following two months (December, January) the price has had an average rise from $2,492.5 to $2,822.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $2,954 they are 37 % more affordable than the average price for Allston . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,247.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $5.17 / sq.feet, with an average $15.78 / sq.feet price in Allston. The properties with the most expensive average prices have 1 bedroom. They are 96 % more expensive than the average followed by properties with 4 bedrooms with a price at $14.69 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,954 it is 17 % 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 $3,664 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.42 / sq.feet followed by "House" priced at $2.76 / sq.feet. "Apartment" is the most expensive type of property with a $116.13 / sq.feet value followed by "Condo" with an average price of $3.05 / sq.feet.