The rent prices in real estate in Narragansett, in the Rhode Island 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 Narragansett has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.48. In the following month the price per sq.feet rose considerably to $2.98. The price for the following two months in (December, January) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $1.95 to $1.79 during February, and March.
When referring to the price in Narragansett (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $2,031. During November the price went through a considerable rise reaching $4,160. During the following two months (December, January) the average price had a considerable fall of 79 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,767 to $2,037.5, which means a 74 % fall.
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 $2,058 they are 49 % more affordable than the average price for Narragansett . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,190.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $14 / sq.feet, with an average $1.95 / sq.feet price in Narragansett. The properties with the most expensive average prices have 1 bedroom. They are 926 % more expensive than the average followed by properties with 2 bedrooms with a price at $14 / sq.feet.
According to average price per property type in Narragansett, "" priced at $1,902 is 8 % lower than the average price ($2,058) in this city.