The rent prices in real estate in Branford, in the Connecticut 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 Branford has risen strongly during the last 6 months. In January, the average price per sq.feet was $7.53. In the following month the price per sq.feet fell considerably to $5.87. The price for the following two months in (March, April) had a considerable rise of 234 %. The price per sq.feet has had a considerable fall of 76 % 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 $11.19 to $8.49 during May, and June.
When referring to the price in Branford (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $2,030. In February This price remains at $2,055. During the following two months (March, April) the average price fell 88 % with regard to the previous two months. 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 $1,954 they are 45 % more affordable than the average price for Branford . The properties with the highest average price have 3 bedrooms, Their price is 86 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,780.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.88 / sq.feet, with an average $9.17 / sq.feet price in Branford. The properties with the most expensive average prices have 4 bedrooms. They are 881 % more expensive than the average followed by properties with 3 bedrooms with a price at $12 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,954 it is 16 % more affordable than the average price in Branford. "Commercial" is seen as the second most affordable property type. The most affordable property is "House" followed by "Duplex". At a price of $1,663 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $76 / sq.feet followed by "Office" priced at $85 / sq.feet. "House" is the most expensive type of property with a $90 / sq.feet value followed by "Office" with an average price of $85 / sq.feet.