Property prices for rent in Colchester (Connecticut)
The rent prices in real estate in Colchester, in the Connecticut 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 Colchester has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.61. In November this price barely changed remaining at $1.64 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 135 %. The price per sq.feet has fallen 88 % 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 $1.91 to $1.68 during February, and March.
When referring to the price in Colchester (cities), this has fallen considerably in the last 6 months. The rent price in October is $2,384, rising in November till $2,730. During the following two months (December, January) the average price had a considerable fall of 70 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,172.5 to $1,735, which means a 80 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,479 they are 27 % more affordable than the average price for Colchester . The properties with the highest average price have 3 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,641.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2 / sq.feet, with an average $1.52 / sq.feet price in Colchester. The properties with the most expensive average prices have 4 bedrooms. They are 887 % more expensive than the average followed by properties with 1 bedroom with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,479 it is 29 % more affordable than the average price in Colchester. "Townhouse" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,076 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $5 / sq.feet followed by "Townhouse" priced at $10 / sq.feet. "House" is the most expensive type of property with a $15 / sq.feet value followed by "Townhouse" with an average price of $10 / sq.feet.
