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.

Average price last 6 months
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 December, the average price per sq.feet was $3.26. In the following month the price per sq.feet fell considerably to $2.71. In the following two months the price per sq.feet has practically remained the same, going from $2.98 to $2.95 per sq.feet. The price per sq.feet has had a considerable fall of 75 % 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 $2.97 to $2.23 during April, and May.

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 December, the average price is $2,380. In January This price remains at $2,267. In the following two months the average price has hardly changed with regard to the previous two months from $2,323.5 to $2,375.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $2,349.5 to $2,029 in April and May.

Average price per bedrooms

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 $1,892 they are 11 % more affordable than the average price for New Bedford . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,938.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.96 / sq.feet price in New Bedford. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / 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 $1,892 it is 29 % more affordable than the average price in New Bedford. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,233 it is 109 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $2.02 / sq.feet followed by "House" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $5 / sq.feet value followed by "House" with an average price of $3 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in New Bedford
Number of properties used in region Massachusetts
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value