The rent prices in real estate in Hamden, in the Connecticut region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Hamden has had a strong fall during the last 6 months. In June, the average price per sq.feet was $9.29. In the following month the price per sq.feet rose considerably to $11.45. The price for the following two months in (August, September) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $6.09 to $1.86 during October, and November.
When referring to the price in Hamden (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,427. In July This price remains at $1,473. In the following two months the average price has hardly changed with regard to the previous two months from $1,450 to $1,455. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,452.5 and $1,523.5 between October and November.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,536 they are 7 % more affordable than the average price for Hamden . The properties with the highest average price have 3 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,610.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $1.91 / sq.feet price in Hamden. The properties with the most expensive average prices have 4 bedrooms. They are 2151 % more expensive than the average followed by properties with 1 bedroom with a price at $1.82 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,536 it is 10 % more affordable than the average price in Hamden. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,559 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "Townhouse" priced at $30 / sq.feet. "House" is the most expensive type of property with a $42 / sq.feet value followed by "Townhouse" with an average price of $30 / sq.feet.