The rent prices in real estate in Fairfield, in the Connecticut 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 Fairfield has risen strongly during the last 6 months. In April, the average price per sq.feet was $7.76. In the following month the price per sq.feet rose considerably to $13.12. The price for the following two months in (June, July) had a considerable rise of 175 %. The price per sq.feet has had a considerable fall of 21 % 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 $14.34 to $2.95 during August, and September.
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 April, is $4,363. During May the price went through a considerable rise reaching $6,114. During the following two months (June, July) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,646.5 to $4,545, which means a 80 % fall.
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 $4,587 they are 39 % more affordable than the average price for Fairfield . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,880.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.33 / sq.feet, with an average $3.2 / sq.feet price in Fairfield. The properties with the most expensive average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at $3.46 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $4,587 it is 45 % 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 $3,497 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $2.86 / sq.feet followed by "Condo" priced at $3.65 / sq.feet. "Townhouse" is the most expensive type of property with a $124 / sq.feet value followed by "Office" with an average price of $119 / sq.feet.