The rent prices in real estate in Ludlow, 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 Ludlow has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.53. In the following month the price per sq.feet rose to $1.66. The price for the following two months in (January, February) had a considerable rise of 119 %. The price per sq.feet has risen 113 % 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 $1.75 to $1.99 during March, and April.
When referring to the price in Ludlow (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,800. During December the price had a slight fall till $1,620. In the following two months the average price has hardly changed with regard to the previous two months from $1,710 to $1,690. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,931 they are 43 % more affordable than the average price for Ludlow . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,888.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.07 / sq.feet price in Ludlow. The properties with the most expensive average prices have 1 bedroom. They are 168 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.97 / sq.feet.
According to average price per property type in Ludlow, "" priced at $1,103 is 43 % lower than the average price ($1,931) in this city.