The rent prices in real estate in North Providence, in the Rhode Island region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in North Providence has risen strongly during the last 6 months. In April, the average price per sq.feet was $8.07. In the following month the price per sq.feet rose considerably to $15.35. The price for the following two months in (June, July) had a considerable rise of 127 %. The price per sq.feet has had a considerable fall of 10 % 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 $13.31 to $1.27 during August, and September.
When referring to the price in North Providence (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,447. In May This price remains at $1,383. During the following two months (June, July) the price has had an average rise from $1,415 to $1,601.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,508.25 to $1,340 in August and September.
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 $1,342 they are 28 % more affordable than the average price for North Providence . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,330.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.19 / sq.feet, with an average $1.28 / sq.feet price in North Providence. The properties with the most expensive average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.31 / sq.feet.
According to average price per property type in North Providence, "" priced at $1,309 is 2 % lower than the average price ($1,342) in this city.