Property prices for rent in East Boston (Massachusetts)
The rent prices in real estate in East Boston, 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 East Boston has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.52. In the following month the price per sq.feet rose to $4. In the following two months the price per sq.feet has risen 108 %, going from $3.76 to $4.05 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $3.91 to $4.6 during February, and March.
When referring to the price in East Boston (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $3,377. In November This price remains at $3,325. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $3,255.25 to $2,876.5 in February and March.
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 $2,732 they are 7 % more affordable than the average price for East Boston . The properties with the highest average price have 2 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,769.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.86 / sq.feet, with an average $5.15 / sq.feet price in East Boston. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.09 / sq.feet.
According to average price per property type in East Boston, "" priced at $2,629 is 4 % lower than the average price ($2,732) in this city.
