The rent prices in real estate in Charlestown, 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 Charlestown has risen strongly during the last 6 months. In April, the average price per sq.feet was $3.82. In May this price barely changed remaining at $3.72 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 387 %. The price per sq.feet has had a considerable rise of 263 % 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 $9.18 to $24.14 during August, and September.
When referring to the price in Charlestown (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $2,874. In May This price remains at $2,732. In the following two months the average price has hardly changed with regard to the previous two months from $2,803 to $2,780. 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 $2,791.5 and $2,868.5 between August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $2,801 they are 5 % more expensive than the average price for Charlestown. Following this ranking we find those properties with 2 at an average price of $3,777. The properties with the highest average price have 3 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,950.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.06 / sq.feet, with an average $40.7 / sq.feet price in Charlestown. The properties with the most expensive average prices have 4 bedrooms. They are 262 % more expensive than the average followed by properties with 1 bedroom with a price at $30.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $2,801 it is 13 % more expensive than the average price in Charlestown. "Apartment" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Apartment". At a price of $3,165 it is 20 % 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 $3.33 / sq.feet followed by "Condo" priced at $5.7 / sq.feet. "Apartment" is the most affordable type of property with a $22.93 / sq.feet value followed by "Condo" with an average price of $5.7 / sq.feet.