The rent prices in real estate in Allston, in the Massachusetts region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Allston has had a strong fall during the last 6 months. In May, the average price per sq.feet was $112.92. In the following month the price per sq.feet fell considerably to $78.53. The price for the following two months in (July, August) had a considerable fall of 31 with regard to the previous two months. The price per sq.feet has had a considerable fall of 4 % 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 $62.71 to $2.71 during September, and October.
When referring to the price in Allston (cities), this has fallen in the last 6 months. The average price for May is $2,891. During June the price had a slight fall till $2,659. In the following two months the average price has hardly changed with regard to the previous two months from $2,775 to $2,730. 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 $2,752.5 and $2,697.5 between September and October.
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 $2,583 they are 29 % more affordable than the average price for Allston . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,802.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.33 / sq.feet, with an average $2.66 / sq.feet price in Allston. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.8 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,583 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 $3,024 it is 97 % 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 $2.1 / sq.feet followed by "House" priced at $2.67 / sq.feet. "Condo" is the most expensive type of property with a $3.46 / sq.feet value followed by "Apartment" with an average price of $2.96 / sq.feet.