The rent prices in real estate in Lowell, in the Massachusetts region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Lowell has barely changed in the last 6 months. In April, the average price per sq.feet was $1.82. In May this price barely changed remaining at $1.81 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.82 to $1.79 per sq.feet. The price per sq.feet has risen 112 % 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 $1.81 to $2.02 during August, and September.
When referring to the price in Lowell (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,843. In May This price remains at $1,849. In the following two months the average price has hardly changed with regard to the previous two months from $1,846 to $1,911. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,878.5 to $1,697 in August and September.
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 $1,716 they are 13 % more affordable than the average price for Lowell . The properties with the highest average price have 2 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,878.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.58 / sq.feet, with an average $1.96 / sq.feet price in Lowell. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.81 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,716 it is 12 % more affordable than the average price in Lowell. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,513 it is 1 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $15 / sq.feet. "House" at an average price of $15 / sq.feet has the highest price and would be directed at more affluent cities.