The rent prices in real estate in Chestnut Hill, 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 Chestnut Hill has risen strongly during the last 6 months. In March, the average price per sq.feet was $34.36. In the following month the price per sq.feet fell considerably to $18.57. The price for the following two months in (May, June) had a considerable rise of 219 %. The price per sq.feet has had a considerable rise of 167 % 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 $42.19 to $70.29 during July, and August.
When referring to the price in Chestnut Hill (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $3,610. In April This price remains at $3,608. During the following two months (May, June) the average price fell 94 % with regard to the previous two months. 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 $3,503 and $3,370.5 between July and August.
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 $3,316 they are 26 % more affordable than the average price for Chestnut Hill . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,675.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $78.97 / sq.feet, with an average $73.5 / sq.feet price in Chestnut Hill. The properties with the most expensive average prices have 4 bedrooms. They are 146 % more expensive than the average followed by properties with 1 bedroom with a price at $109.76 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,316 it is 28 % more affordable than the average price in Chestnut Hill. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $3,025 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.62 / sq.feet followed by "Apartment" priced at $179.91 / sq.feet. "Apartment" is the most expensive type of property with a $179.91 / sq.feet value followed by "Condo" with an average price of $2.62 / sq.feet.