The rent prices in real estate in Newtown, in the Connecticut 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 Newtown has fallen during the last 6 months. In October, the average price per sq.feet was $2.28. In November this price barely changed remaining at $2.21 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.24 to $2.18 per sq.feet. The price per sq.feet has fallen 91 % 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 $2.21 to $2.01 during February, and March.
When referring to the price in Newtown (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,008. In November This price remains at $3,008. During the following two months (December, January) the price has had an average rise from $3,008 to $3,225. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $3,116.5 to $2,943 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 $3,084 they are 34 % more affordable than the average price for Newtown . The properties with the highest average price have 4 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,137.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.02 / sq.feet price in Newtown. The properties with the most expensive average prices have 2 bedrooms. They are 19 % more expensive than the average followed by properties with 1 bedroom with a price at $2.23 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,084 it is 31 % more affordable than the average price in Newtown. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,992 it is 8 % 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 $1 / sq.feet followed by "Apartment" priced at $2 / sq.feet. "Apartment" is the most affordable type of property with a $2 / sq.feet value followed by "House" with an average price of $1 / sq.feet.