The rent prices in real estate in Amherst, 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 Amherst has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.94. In the following month the price per sq.feet fell to $2.69. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $2.45 to $2.26 during February, and March.
When referring to the price in Amherst (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,523. In November This price remains at $2,530. During the following two months (December, January) the average price fell 93 % 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 94 %, going from $2,433.25 to $2,280.5 in 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 $2,678 they are 28 % more affordable than the average price for Amherst . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,406.
According to average price per property type in Amherst, "" priced at $2,736 is 2 % more expensive than the average price ($2,678) in this city.