Property prices for rent in New Bedford (Massachusetts)

The rent prices in real estate in New Bedford, 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.

$2,415.67
Average price last 6 months
$3.31
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Bedford has had a strong fall during the last 6 months. In September, the average price per sq.feet was $3.91. In October this price barely changed remaining at $3.78 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 83 % 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 $3.51 to $2.91 during January, and February.

Average price

When referring to the price in New Bedford (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $2,604. In October This price remains at $2,474. During the following two months (November, December) the average price fell 93 % with regard to the previous two months. 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 $2,448.75 and $2,349.5 between January and February.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,432 they are 17 % more affordable than the average price for New Bedford . The properties with the highest average price have 4 bedrooms, Their price is 191 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,713.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.82 / sq.feet, with an average $3.11 / sq.feet price in New Bedford. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 4 bedrooms with a price at $3.83 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,432 it is 45 % more affordable than the average price in New Bedford. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $3,252 it is 143 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.73 / sq.feet followed by "Condo" priced at $4.3 / sq.feet. "Land" is the most expensive type of property with a $5.56 / sq.feet value followed by "Condo" with an average price of $4.3 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in New Bedford
Number of properties used in region Massachusetts
$2,432
$3.11
1,954
408,448
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value