The rent prices in real estate in Fairfield, in the Connecticut region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Fairfield has risen during the last 6 months. In October, the average price per sq.feet was $2.96. In November this price barely changed remaining at $2.97 per sq.feet. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 144 % 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 $2.89 to $4.17 during February, and March.
When referring to the price in Fairfield (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $4,658. During November the price went through a considerable rise reaching $5,427. During the following two months (December, January) the average price fell 93 % 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 136 % 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 $7,532 they are 57 % more affordable than the average price for Fairfield . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,682.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.98 / sq.feet, with an average $5.13 / sq.feet price in Fairfield. The properties with the most expensive average prices have 4 bedrooms. They are 83 % more expensive than the average followed by properties with 3 bedrooms with a price at $6.99 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $7,532 it is 67 % more affordable than the average price in Fairfield. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,519 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2 / sq.feet followed by "Condo" priced at $4.06 / sq.feet. "Office" is the most expensive type of property with a $113 / sq.feet value followed by "House" with an average price of $6.55 / sq.feet.