The rent prices in real estate in Newton, in the Massachusetts 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 Newton has risen during the last 6 months. In October, the average price per sq.feet was $2.17. In November this price barely changed remaining at $2.15 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.16 to $2.22 per sq.feet. The price per sq.feet has risen 115 % 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 $2.19 to $2.52 during February, and March.
When referring to the price in Newton (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,614. In November This price remains at $2,704. In the following two months the average price has hardly changed with regard to the previous two months from $2,659 to $2,708. 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 1 bedroom are the most affordable ones. At a price of $3,011 they are 34 % more affordable than the average price for Newton . The properties with the highest average price have 4 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,479.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.03 / sq.feet, with an average $2.61 / sq.feet price in Newton. The properties with the most affordable average prices have 2 bedrooms. They are 0 % more affordable than the average followed by properties with 1 bedroom with a price at $2.56 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,011 it is 15 % more affordable than the average price in Newton. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,793 it is 11 % 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 $2.03 / sq.feet followed by "Condo" priced at $2.32 / sq.feet. "House" is the most expensive type of property with a $2.7 / sq.feet value followed by "Condo" with an average price of $2.32 / sq.feet.