The rent prices in real estate in Millbury, 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 Millbury has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.46. In December this price barely changed remaining at $2.38 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $2.19 to $1.99 during March, and April.
When referring to the price in Millbury (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,358. In December This price remains at $2,266. In the following two months the average price has hardly changed with regard to the previous two months from $2,312 to $2,248. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $2,695 they are 24 % more affordable than the average price for Millbury . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 10 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $2.11 / sq.feet price in Millbury. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 13218 % more expensive than the average value aforementioned.