Property prices for rent in Newton (Massachusetts)
The rent prices in real estate in Newton, in the Massachusetts region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Newton has fallen during the last 6 months. In March, the average price per sq.feet was $2.61. In April this price barely changed remaining at $2.48 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.55 to $2.51 per sq.feet. The price per sq.feet has fallen 95 % 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 $2.53 to $2.39 during July, and August.
When referring to the price in Newton (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $3,011. In April This price remains at $3,132. During the following two months (May, June) the price has had an average rise from $3,071.5 to $3,319. 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 $3,195.25 and $3,233.5 between 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 $3,159 they are 18 % more affordable than the average price for Newton . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,602.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.12 / sq.feet, with an average $2.48 / sq.feet price in Newton. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.6 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,159 it is 3 % more affordable than the average price in Newton. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $3,109 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.09 / sq.feet followed by "House" priced at $2.64 / sq.feet. "Condo" is the most expensive type of property with a $2.8 / sq.feet value followed by "House" with an average price of $2.64 / sq.feet.
