The rent prices in real estate in Charlestown, in the Massachusetts region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Charlestown has risen during the last 6 months. In October, the average price per sq.feet was $13.75. In the following month the price per sq.feet rose considerably to $19.23. The price for the following two months in (December, January) had a considerable fall of 26 with regard to the previous two months. The price per sq.feet has had a considerable rise of 220 % 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 $10.36 to $22.77 during February, and March.
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 October, the average price is $2,880. In November This price remains at $2,821. In the following two months the average price has hardly changed with regard to the previous two months from $2,850.5 to $2,919. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $2,983 they are 4 % more affordable than the average price for Charlestown . Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 30 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.93 / sq.feet, with an average $11.71 / sq.feet price in Charlestown. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 19 % more expensive than the average value aforementioned.