The rent prices in real estate in Billerica, in the Massachusetts region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Billerica has risen during the last 6 months. In September, the average price per sq.feet was $2.61. In October this price barely changed remaining at $2.48 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $2.55 to $2.71 per sq.feet. The price per sq.feet has risen 114 % 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 $2.63 to $2.99 during January, and February.
When referring to the price in Billerica (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,660. In October This price remains at $2,663. In the following two months the average price has hardly changed with regard to the previous two months from $2,661.5 to $2,659.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $2,757 they are 14 % more affordable than the average price for Billerica . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,218.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.83 / sq.feet, with an average $3.07 / sq.feet price in Billerica. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.09 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,757 it is 33 % more affordable than the average price in Billerica. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,816 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.39 / sq.feet followed by "House" priced at $3.17 / sq.feet. "House" is the most expensive type of property with a $3.17 / sq.feet value followed by "Condo" with an average price of $2.39 / sq.feet.