The rent prices in real estate in Jamaica Plain, 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 Jamaica Plain has risen strongly during the last 6 months. In January, the average price per sq.feet was $2.63. In February this price barely changed remaining at $2.6 per sq.feet. The price for the following two months in (March, April) had a considerable rise of 561 %. The price per sq.feet has had a considerable fall of 35 % 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 $8.64 to $3.05 during May, and June.
When referring to the price in Jamaica Plain (cities), this has risen in the last 6 months. The rent price in January is $2,596, rising in February till $2,790. During the following two months (March, April) the price has had an average rise from $2,693 to $2,851. 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 $2,772 and $2,643 between May and June.
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 $2,635 they are 30 % more affordable than the average price for Jamaica Plain . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,163.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.5 / sq.feet, with an average $3.12 / sq.feet price in Jamaica Plain. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.11 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,635 it is 5 % more affordable than the average price in Jamaica Plain. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,818 it is 38 % 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 $1 / sq.feet followed by "Apartment" priced at $3.19 / sq.feet. "Condo" is the most expensive type of property with a $3.7 / sq.feet value followed by "Apartment" with an average price of $3.19 / sq.feet.