Property prices for rent in Medway (Massachusetts)
The rent prices in real estate in Medway, 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 Medway has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.73. In the following month the price per sq.feet rose considerably to $4.71. In the following two months the price per sq.feet has risen 111 %, going from $3.72 to $4.14 per sq.feet. The price per sq.feet has had a considerable fall of 83 % 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 $3.93 to $3.27 during March, and April.
When referring to the price in Medway (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $3,455. In December This price remains at $3,475. In the following two months the average price has hardly changed with regard to the previous two months from $3,465 to $3,504. 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 $3,484.5 and $3,656.5 between March and April.
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 $3,713 they are 43 % more affordable than the average price for Medway . The properties with the highest average price have 1 bedroom, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,126.
With regard to the average prices per sq.feet those properties with 1 bedroom are 12 % more affordable than the average price of ($3 / sq.feet) in Medway. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 12 % more affordable than the average value aforementioned.
According to average price per property type in Medway, "" priced at $2,126 is 43 % lower than the average price ($3,713) in this city.
