The rent prices in real estate in East Providence, in the Rhode Island region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in East Providence has had a strong fall during the last 6 months. In July, the average price per sq.feet was $12.71. In the following month the price per sq.feet fell considerably to $1.23. The price for the following two months in (September, October) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable rise of 149 % 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 $4.11 to $6.12 during November, and December.
When referring to the price in East Providence (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is $1,603. During August the price went through a considerable rise reaching $1,881. During the following two months (September, October) the price has had an average rise from $1,742 to $1,925.5. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,673 they are 21 % more affordable than the average price for East Providence . The properties with the lowest average price have 3 bedrooms, Their price is 20 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,330.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 18 % more affordable than the average price of ($9 / sq.feet) in East Providence. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 18 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in East Providence we can see that the most affordable property type is "House" at a price of $1,322, they are 21 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 21 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $2 / sq.feet. "House" with an average price of $2 / sq.feet has the most affordable price and would be directed at less affluent cities.