Property prices for rent in Cambridge (Massachusetts)
The rent prices in real estate in Cambridge, 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 Cambridge has risen strongly during the last 6 months. In November, the average price per sq.feet was $3.29. In the following month the price per sq.feet rose to $3.46. The price for the following two months in (January, February) had a considerable rise of 406 %. The price per sq.feet has had a considerable rise of 204 % 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 $8.54 to $17.46 during March, and April.
When referring to the price in Cambridge (cities), there have hardly been any changes in the last 6 months. The average price for November is $2,787. During December the price had a slight fall till $2,611. In the following two months the average price has hardly changed with regard to the previous two months from $2,699 to $2,679.5. 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 $2,904 they are 13 % more affordable than the average price for Cambridge . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,549.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.24 / sq.feet, with an average $7.87 / sq.feet price in Cambridge. The properties with the most affordable average prices have 1 bedroom. They are 49 % more affordable than the average followed by properties with 2 bedrooms with a price at $3.46 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,904 it is 5 % more affordable than the average price in Cambridge. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $3,137 it is 43 % 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 $3.5 / sq.feet followed by "Townhouse" priced at $3.78 / sq.feet. "Condo" is the most expensive type of property with a $17.8 / sq.feet value followed by "Townhouse" with an average price of $3.78 / sq.feet.
