The rent prices in real estate in Nantucket, 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 Nantucket has risen during the last 6 months. In October, the average price per sq.feet was $7.6. In the following month the price per sq.feet rose to $8.57. In the following two months the price per sq.feet has risen 109 %, going from $8.09 to $8.81 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 $8.45 to $8.65 during February y March
When referring to the price in Nantucket (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $21,794. In November This price remains at $22,064. In the following two months the average price has hardly changed with regard to the previous two months from $21,929 to $22,564. 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 $22,246.5 and $22,816.5 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 $21,973 they are 55 % more affordable than the average price for Nantucket . The properties with the lowest average price have 4 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 3 bedrooms priced at $19,189.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $9 / sq.feet, with an average $7.73 / sq.feet price in Nantucket. The properties with the most expensive average prices have 1 bedroom. They are 236 % more expensive than the average followed by properties with 3 bedrooms with a price at $14 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $21,973 it is 74 % more affordable than the average price in Nantucket. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $23,127 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $9 / sq.feet followed by "Condo" priced at $14 / sq.feet. "Apartment" is the most expensive type of property with a $23 / sq.feet value followed by "Condo" with an average price of $14 / sq.feet.