Property prices for rent in North Smithfield (Rhode Island)
The rent prices in real estate in North Smithfield, 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 Smithfield has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.3. In the following month the price per sq.feet fell considerably to $1.78. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. 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 $1.77 to $1.68 during February, and March.
When referring to the price in North Smithfield (cities), this has fallen considerably in the last 6 months. The average price for October is $2,139. During November the price had a slight fall till $1,961. During the following two months (December, January) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $1,901 to $1,616 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 $1,942 they are 43 % more affordable than the average price for North Smithfield . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,286.
With regard to the average prices per sq.feet those properties with 1 bedroom are 44 % more affordable than the average price of ($1 / sq.feet) in North Smithfield. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 44 % more affordable than the average value aforementioned.
According to average price per property type in North Smithfield, "" priced at $2,078 is 7 % more expensive than the average price ($1,942) in this city.
