The rent prices in real estate in Medford, in the Massachusetts region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Medford has risen during the last 6 months. In October, the average price per sq.feet was $3.26. In November this price barely changed remaining at $3.32 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.29 to $3.41 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.35 to $3.49 during February y March
When referring to the price in Medford (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,525. In November This price remains at $3,428. In the following two months the average price has hardly changed with regard to the previous two months from $3,476.5 to $3,516. 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 $3,496.25 and $3,588 between February and March.
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 $3,767 they are 22 % more affordable than the average price for Medford . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,824.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.86 / sq.feet, with an average $3.59 / sq.feet price in Medford. 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 $3.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,767 it is 5 % more affordable than the average price in Medford. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $6,160 it is 79 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2 / sq.feet followed by "House" priced at $2.86 / sq.feet. "Condo" is the most expensive type of property with a $3.72 / sq.feet value followed by "Apartment" with an average price of $3.55 / sq.feet.