The rent prices in real estate in Essex Junction, in the Vermont 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 Essex Junction has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.07. In November this price barely changed remaining at $2.06 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $2.07 to $2.3 per sq.feet. The price per sq.feet has had a considerable rise of 270 % 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 $2.18 to $5.89 during February, and March.
When referring to the price in Essex Junction (cities), this has risen considerably in the last 6 months. The rent price in October is $2,173, rising in November till $2,292. During the following two months (December, January) 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 352 % 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 $8,069 they are 81 % more affordable than the average price for Essex Junction . The properties with the lowest average price have 3 bedrooms, Their price is 59 % more affordable than the average. After that we have properties with 4 bedrooms priced at $2,534.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 84 % 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 3 bedrooms. They are 84 % more affordable than the average value aforementioned.
According to average price per property type in Essex Junction, "" priced at $2,344 is 71 % lower than the average price ($8,069) in this city.