The rent prices in real estate in Essex Junction, in the Vermont 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 Essex Junction has had a strong fall during the last 6 months. In March, the average price per sq.feet was $49. In the following month the price per sq.feet fell considerably to $14. The price for the following two months in (May, June) had a considerable fall of 22 with regard to the previous two months. The price per sq.feet has risen 112 % 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 $19.25 to $21.49 during July, and August.
When referring to the price in Essex Junction (cities), this has fallen in the last 6 months. The average price for March is $2,054. During April the price had a considerable fall till $1,507. During the following two months (May, June) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.
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 $2,203 they are 41 % more affordable than the average price for Essex Junction . The properties with the lowest average price have 2 bedrooms, Their price is 25 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,483.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 97 % more affordable than the average price of ($1 / sq.feet) in Essex Junction. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 97 % more affordable than the average value aforementioned.
According to average price per property type in Essex Junction, "" priced at $1,483 is 33 % lower than the average price ($2,203) in this city.