The rent prices in real estate in Melrose, 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 Melrose has risen during the last 6 months. In October, the average price per sq.feet was $3.36. In November this price barely changed remaining at $3.44 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $3.4 to $3.59 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 $3.49 to $3.56 during February y March
When referring to the price in Melrose (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,075. In November This price remains at $3,067. In the following two months the average price has hardly changed with regard to the previous two months from $3,071 to $3,048. 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 $3,059.5 and $2,977 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 $2,966 they are 9 % more affordable than the average price for Melrose . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,385.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.26 / sq.feet, with an average $3.49 / sq.feet price in Melrose. The properties with the most expensive average prices have 1 bedroom. They are 7 % 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 "Condo" as the most affordable one. At an cost of $2,966 it is 26 % more affordable than the average price in Melrose. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,392 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $3.52 / sq.feet followed by "House" priced at $3.57 / sq.feet. "House" is the most expensive type of property with a $3.57 / sq.feet value followed by "Condo" with an average price of $3.52 / sq.feet.