The rent prices in real estate in North Kingstown, in the Rhode Island region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in North Kingstown has had a strong fall during the last 6 months. In July, the average price per sq.feet was $12.99. In the following month the price per sq.feet fell considerably to $1.41. The price for the following two months in (September, October) had a considerable fall of 20 with regard to the previous two months. The price per sq.feet has had a considerable rise of 371 % 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 $4.31 to $16 during November, and December.
When referring to the price in North Kingstown (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,733. In August This price remains at $1,692. In the following two months the average price has hardly changed with regard to the previous two months from $1,712.5 to $1,774. 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 $1,743.25 and $1,749 between November and December.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 10 % more affordable than the average price of $1,562 in North Kingstown. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,742 it is 11 % more affordable than the average price in North Kingstown. "Land" is seen as the second most affordable property type. The most affordable property is "Land" followed by "". At a price of $1,556 it is 8 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Land with an average cost of $8 / sq.feet. "Land" with an average price of $8 / sq.feet has the most affordable price and would be directed at less affluent cities.