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.