The rent prices in real estate in Central Falls, in the Rhode Island 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 Central Falls has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.81. In the following month the price per sq.feet rose considerably to $3.47. The price for the following two months in (December, January) had a considerable rise of 134 %. The price per sq.feet has had a considerable rise of 120 % 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 $3.08 to $3.69 during February, and March.
When referring to the price in Central Falls (cities), this has risen in the last 6 months. The rent price in October is $2,093, rising in November till $2,306. In the following two months the average price has hardly changed with regard to the previous two months from $2,199.5 to $2,287. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,243.25 and $2,275.5 between February and March.
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 $2,272 they are 12 % more affordable than the average price for Central Falls . The properties with the highest average price have 4 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,665.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.81 / sq.feet, with an average $3.79 / sq.feet price in Central Falls. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.77 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,272 it is 65 % more affordable than the average price in Central Falls. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,833 it is 53 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $3.71 / sq.feet followed by "House" priced at $4.13 / sq.feet. "Condo" is the most expensive type of property with a $4.17 / sq.feet value followed by "House" with an average price of $4.13 / sq.feet.