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.
The price per sq.feet in New Bedford has had a strong fall during the last 6 months. In June, the average price per sq.feet was $6.69. In the following month the price per sq.feet rose considerably to $10.78. The price for the following two months in (August, September) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $4.99 to $1.5 during October, and November.
When referring to the price in New Bedford (cities), there have hardly been any changes in the last 6 months. The average price for June is $1,401. During July the price had a slight fall till $1,318. In the following two months the average price has hardly changed with regard to the previous two months from $1,359.5 to $1,414.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,558 they are 7 % more affordable than the average price for New Bedford . The properties with the highest average price have 2 bedrooms, Their price is 0 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,523.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $1.53 / sq.feet price in New Bedford. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.46 / sq.feet.
According to average price per property type in New Bedford, "" priced at $1,449 is 7 % lower than the average price ($1,558) in this city.