The rent prices in real estate in Gloucester, in the Massachusetts region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Gloucester has barely changed in the last 6 months. In September, the average price per sq.feet was $2.71. In October this price barely changed remaining at $2.74 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.72 to $2.76 per sq.feet. The price per sq.feet has fallen 94 % 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 $2.74 to $2.58 during January, and February.
When referring to the price in Gloucester (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $3,320. In October This price remains at $3,268. In the following two months the average price has hardly changed with regard to the previous two months from $3,294 to $3,194.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $3,244.25 to $2,837 in January and February.
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 $2,904 they are 23 % more affordable than the average price for Gloucester . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,540.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.15 / sq.feet, with an average $2.61 / sq.feet price in Gloucester. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.87 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,904 it is 42 % more affordable than the average price in Gloucester. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $3,752 it is 182 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.57 / sq.feet followed by "Land" priced at $2.63 / sq.feet. "Detached House" is the most expensive type of property with a $3 / sq.feet value followed by "Condo" with an average price of $2.85 / sq.feet.