The rent prices in real estate in Coventry, 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 Coventry has risen strongly during the last 6 months. In May, the average price per sq.feet was $11.41. In the following month the price per sq.feet rose considerably to $29. In the following two months the price per sq.feet has practically remained the same, going from $20.2 to $19.69 per sq.feet. The price per sq.feet has had a considerable fall of 66 % 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 $19.95 to $13.15 during September, and October.
When referring to the price in Coventry (cities), this has risen in the last 6 months. The rent price in May is $1,396, rising in June till $1,551. In the following two months the average price has hardly changed with regard to the previous two months from $1,473.5 to $1,490. 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 $1,481.75 and $1,520 between September and October.
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 $1,363 they are 7 % more expensive than the average price for Coventry. Following this ranking we find those properties with 2 at an average price of $1,464. The properties with the highest average price have 3 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,637.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $23 / sq.feet, with an average $1.3 / sq.feet price in Coventry. The properties with the most expensive average prices have 1 bedroom. They are 1823 % more expensive than the average followed by properties with 4 bedrooms with a price at $23 / sq.feet.
The graph displaying the average rent prices displays the property type "Farm" as the most expensive one. At an cost of $1,363 it is 12 % more expensive than the average price in Coventry. "Office" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,617 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Office" at an average price of $8 / sq.feet followed by "Condo" priced at $13 / sq.feet. "Farm" is the most expensive type of property with a $49 / sq.feet value followed by "House" with an average price of $23 / sq.feet.