The rent prices in real estate in New Milford, in the Connecticut region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in New Milford has risen during the last 6 months. In October, the average price per sq.feet was $2.64. In November this price barely changed remaining at $2.63 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $2.63 to $2.78 per sq.feet. The price per sq.feet has had a considerable rise of 126 % 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 $2.7 to $3.39 during February, and March.
When referring to the price in New Milford (cities), this has risen considerably in the last 6 months. The average price for October is $2,927. During November the price had a slight fall till $2,665. During the following two months (December, January) the average price had a considerable rise of 118 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 185 % during the last two months.
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 $7,062 they are 78 % more affordable than the average price for New Milford . The properties with the highest average price have 4 bedrooms, Their price is 109 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,773.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.9 / sq.feet, with an average $3.79 / sq.feet price in New Milford. The properties with the most expensive average prices have 4 bedrooms. They are 57 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.74 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $7,062 it is 86 % more affordable than the average price in New Milford. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,400 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.92 / sq.feet followed by "Condo" priced at $3.19 / sq.feet. "House" is the most expensive type of property with a $4.12 / sq.feet value followed by "Apartment" with an average price of $4 / sq.feet.