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 March, the average price per sq.feet was $15.78. In the following month the price per sq.feet fell considerably to $13.15. The price for the following two months in (May, June) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 35 % 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 $8.73 to $3.07 during July, and August.
When referring to the price in Allston (cities), this has fallen in the last 6 months. The average price for March is $2,954. During April the price had a slight fall till $2,608. During the following two months (May, June) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,662 to $2,454.5 in July and August.
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 $2,567 they are 29 % more affordable than the average price for Allston . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,202.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.76 / sq.feet, with an average $2.97 / sq.feet price in Allston. The properties with the most expensive average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $2.9 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,567 it is 11 % more affordable than the average price in Allston. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,360 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.74 / sq.feet followed by "Condo" priced at $3.17 / sq.feet. "House" is the most expensive type of property with a $4.45 / sq.feet value followed by "Condo" with an average price of $3.17 / sq.feet.