The rent prices in real estate in Ipswich, 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.
The price per sq.feet in Ipswich has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.56. In December this price barely changed remaining at $2.58 per sq.feet. The price for the following two months in (January, February) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 61 % 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 $2.48 to $1.5 during March, and April.
When referring to the price in Ipswich (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $3,209. In December This price remains at $3,143. In the following two months the average price has hardly changed with regard to the previous two months from $3,176 to $3,230. 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 $3,203 and $3,247.5 between March and April.
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 $3,927 they are 41 % more affordable than the average price for Ipswich . The properties with the lowest average price have 3 bedrooms, Their price is 14 % more affordable than the average. After that we have properties with 4 bedrooms priced at $3,052.
According to average price per property type in Ipswich, "" priced at $2,680 is 32 % lower than the average price ($3,927) in this city.