The rent prices in real estate in Methuen, in the Massachusetts region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Methuen has had a strong fall during the last 6 months. In June, the average price per sq.feet was $11.56. In the following month the price per sq.feet fell considerably to $8.99. The price for the following two months in (August, September) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable fall of 32 % 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 $6.08 to $1.98 during October, and November.
When referring to the price in Methuen (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,785. In July This price remains at $1,819. In the following two months the average price has hardly changed with regard to the previous two months from $1,802 to $1,846. 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 $1,824 and $1,794 between October and November.
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 $1,782 they are 9 % more affordable than the average price for Methuen . The properties with the highest average price have 3 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,802.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.83 / sq.feet, with an average $1.97 / sq.feet price in Methuen. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.83 / sq.feet.
According to average price per property type in Methuen, "" priced at $1,802 is 1 % more expensive than the average price ($1,782) in this city.