The rent prices in real estate in Medford, 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 Medford has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.26. In the following month the price per sq.feet rose to $2.4. In the following two months the price per sq.feet has risen 107 %, going from $2.33 to $2.48 per sq.feet. The price per sq.feet has had a considerable rise of 166 % 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 $2.41 to $3.98 during March, and April.
When referring to the price in Medford (cities), this has risen in the last 6 months. The rent price in November is $2,295, rising in December till $2,424. In the following two months the average price has hardly changed with regard to the previous two months from $2,359.5 to $2,421.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.
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 $2,908 they are 15 % more affordable than the average price for Medford . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,061.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.44 / sq.feet, with an average $2.78 / sq.feet price in Medford. The properties with the most expensive average prices have 3 bedrooms. They are 67 % more expensive than the average followed by properties with 1 bedroom with a price at $3.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,908 it is 11 % more affordable than the average price in Medford. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of $2,877 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.44 / sq.feet followed by "Condo" priced at $2.56 / sq.feet. "House" is the most expensive type of property with a $4.26 / sq.feet value followed by "Condo" with an average price of $2.56 / sq.feet.