Property prices for rent in Gloucester (Massachusetts)

The rent prices in real estate in Gloucester, in the Massachusetts region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,742.33
Average price last 6 months
$5.04
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Gloucester has had a strong fall during the last 6 months. In July, the average price per sq.feet was $20.14. In the following month the price per sq.feet fell considerably to $1.98. The price for the following two months in (September, October) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable fall of 32 % 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 $6.51 to $2.11 during November, and December.

Average price

When referring to the price in Gloucester (cities), this has fallen in the last 6 months. The average price for July is $1,977. During August the price had a slight fall till $1,797. During the following two months (September, October) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,810.5 to $1,606 in November and December.

Average price per bedrooms

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 $1,506 they are 14 % more affordable than the average price for Gloucester . The properties with the highest average price have 3 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,765.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.13 / sq.feet, with an average $2.21 / sq.feet price in Gloucester. The properties with the most expensive average prices have 3 bedrooms. They are 805 % more expensive than the average followed by properties with 2 bedrooms with a price at $18 / sq.feet.

Price per property type

According to average price per property type in Gloucester, "" priced at $1,765 is 17 % more expensive than the average price ($1,506) in this city.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Gloucester
Number of properties used in region Massachusetts
$1,506
$2.21
254
166,338
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value