The rent prices in real estate in New Bedford, in the Massachusetts 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 New Bedford has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.42. In the following month the price per sq.feet fell to $1.34. The price for the following two months in (June, July) had a considerable rise of 392 %. The price per sq.feet has had a considerable rise of 153 % 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 $3.39 to $5.2 during August, and September.
When referring to the price in New Bedford (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,515. In May This price remains at $1,571. In the following two months the average price has hardly changed with regard to the previous two months from $1,543 to $1,609. 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 $1,576 and $1,522.5 between August and September.
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 $1,359 they are 10 % more affordable than the average price for New Bedford . The properties with the highest average price have 2 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,639.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.54 / sq.feet, with an average $1.65 / sq.feet price in New Bedford. The properties with the most expensive average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $1.54 / sq.feet.
According to average price per property type in New Bedford, "" priced at $1,439 is 6 % more expensive than the average price ($1,359) in this city.