The rent prices in real estate in Hyannis, in the Massachusetts 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 Hyannis has risen strongly during the last 6 months. In October, the average price per sq.feet was $12. In November this price barely changed remaining at $12 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $12 to $13.5 per sq.feet. The price per sq.feet has had a considerable rise of 183 % 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 $12.75 to $23.37 during February, and March.
When referring to the price in Hyannis (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,618. In November This price remains at $1,618. During the following two months (December, January) the average price had a considerable fall of 74 % 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 134 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,943 they are 36 % more affordable than the average price for Hyannis . The properties with the lowest average price have 1 bedroom, Their price is 30 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,247.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $8.23 / sq.feet, with an average $14.85 / sq.feet price in Hyannis. The properties with the most expensive average prices have 2 bedrooms. They are 41 % more expensive than the average followed by properties with 1 bedroom with a price at $8.23 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,943 it is 36 % more affordable than the average price in Hyannis. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,247 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $16 / sq.feet followed by "House" priced at $21 / sq.feet. "House" is the most expensive type of property with a $21 / sq.feet value followed by "Condo" with an average price of $16 / sq.feet.