Property prices for rent in Burlington (Vermont)
The rent prices in real estate in Burlington, in the Vermont 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 Burlington has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.58. In the following month the price per sq.feet rose to $2.71. The price for the following two months in (January, February) had a considerable rise of 118 %. The price per sq.feet has risen 108 % 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 $2.88 to $3.13 during March, and April.
When referring to the price in Burlington (cities), this has risen considerably in the last 6 months. The rent price in November is $1,919, rising in December till $2,036. During the following two months (January, February) the price has had an average rise from $1,977.5 to $2,086.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $2,376 they are 16 % more affordable than the average price for Burlington . The properties with the highest average price have 3 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,284.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.01 / sq.feet price in Burlington. 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 $2.76 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,376 it is 34 % more affordable than the average price in Burlington. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $2,190 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2 / sq.feet followed by "Apartment" priced at $3 / sq.feet. "Apartment" is the most affordable type of property with a $3 / sq.feet value followed by "House" with an average price of $2 / sq.feet.
