The rent prices in real estate in New Haven, in the Connecticut 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 Haven has risen strongly during the last 6 months. In March, the average price per sq.feet was $3.7. In the following month the price per sq.feet rose considerably to $5.77. The price for the following two months in (May, June) had a considerable rise of 156 %. The price per sq.feet has risen 108 % 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 $6.06 to $6.57 during July, and August.
When referring to the price in New Haven (cities), this has fallen in the last 6 months. In our first sample month during March, the average price is $1,543. In April This price remains at $1,596. During the following two months (May, June) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,515.25 to $1,359 in July and August.
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 $1,397 they are 15 % more affordable than the average price for New Haven . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,752.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.44 / sq.feet, with an average $1.85 / sq.feet price in New Haven. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.64 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,397 it is 2 % more affordable than the average price in New Haven. "Detached House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,506 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.17 / sq.feet followed by "House" priced at $1.99 / sq.feet. "Detached House" is the most expensive type of property with a $51 / sq.feet value followed by "Apartment" with an average price of $2.06 / sq.feet.