The rent prices in real estate in Litchfield, in the Connecticut 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 Litchfield has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.86. In November this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has risen 114 %, going from $1.83 to $2.09 per sq.feet. The price per sq.feet has had a considerable rise of 133 % 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 $1.96 to $2.6 during February, and March.
When referring to the price in Litchfield (cities), this has fallen in the last 6 months. The average price for October is $3,983. During November the price had a considerable fall till $3,073. During the following two months (December, January) the price has had an average rise from $3,528 to $3,997. 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 $3,762.5 and $3,737 between February and March.
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 $3,831 they are 51 % more affordable than the average price for Litchfield . The properties with the highest average price have 4 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,088.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,831 it is 52 % more affordable than the average price in Litchfield. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Apartment". At a price of $1,822 it is 9 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $64 / sq.feet. "Apartment" at an average price of $64 / sq.feet has the highest price and would be directed at more affluent cities.