The rent prices in real estate in North Providence, 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 Providence has had a strong fall during the last 6 months. In December, the average price per sq.feet was $52.92. In the following month the price per sq.feet fell considerably to $1.57. The price for the following two months in (February, March) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $14.44 to $1.78 during April, and May.
When referring to the price in North Providence (cities), this has fallen considerably in the last 6 months. The average price for December is $30,730. During January the price had a considerable fall till $1,450. During the following two months (February, March) the average price had a considerable fall of 8 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $8,720.5 to $1,444, which means a 17 % fall.
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 $1,452 they are 33 % more affordable than the average price for North Providence . The properties with the highest average price have 3 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,324.
According to average price per property type in North Providence, "" priced at $1,303 is 10 % lower than the average price ($1,452) in this city.