The rent prices in real estate in Boston, 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 Boston has risen strongly during the last 6 months. In November, the average price per sq.feet was $3. In the following month the price per sq.feet rose considerably to $3.95. In the following two months the price per sq.feet has risen 115 %, going from $3.47 to $3.99 per sq.feet. The price per sq.feet has had a considerable rise of 2245 % 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 $3.73 to $83.79 during March, and April.
When referring to the price in Boston (cities), there have hardly been any changes in the last 6 months. The rent price in November is $3,036, rising in December till $3,215. In the following two months the average price has hardly changed with regard to the previous two months from $3,125.5 to $3,040.5. 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 $3,216 they are 6 % more affordable than the average price for Boston . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,056.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $42.33 / sq.feet, with an average $68.21 / sq.feet price in Boston. The properties with the most expensive average prices have 2 bedrooms. They are 77 % more expensive than the average followed by properties with 1 bedroom with a price at $114.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $3,216 it is 29 % more affordable than the average price in Boston. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Triplex" followed by "House". At a price of $3,734 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Triplex" at an average price of $2.62 / sq.feet followed by "Duplex" priced at $2.7 / sq.feet. "Condo" is the most expensive type of property with a $144.27 / sq.feet value followed by "Townhouse" with an average price of $11.94 / sq.feet.