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 $2.7. In November this price barely changed remaining at $2.64 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.67 to $2.76 per sq.feet. The price per sq.feet has risen 111 % 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 $2.72 to $3.01 during February, and March.
When referring to the price in Newton (cities), this has risen in the last 6 months. The rent price in October is $3,867, rising in November till $4,273. During the following two months (December, January) the price has had an average rise from $4,070 to $4,336.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $4,203.25 to $3,920.5 in February and March.
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 $4,123 they are 31 % more affordable than the average price for Newton . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,405.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.57 / sq.feet, with an average $3.04 / sq.feet price in Newton. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.24 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $4,123 it is 22 % more affordable than the average price in Newton. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,828 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.73 / sq.feet followed by "Townhouse" priced at $2.83 / sq.feet. "Condo" is the most expensive type of property with a $3.57 / sq.feet value followed by "Townhouse" with an average price of $2.83 / sq.feet.