Property prices for rent in Norwell (Massachusetts)
The rent prices in real estate in Norwell, in the Massachusetts 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 Norwell has risen strongly during the last 6 months. In November, the average price per sq.feet was $2. In December this price barely changed remaining at $2.07 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 2260 %. The price per sq.feet has had a considerable fall of 6 % 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 $24.02 to $1.5 during March, and April.
When referring to the price in Norwell (cities), this has fallen considerably in the last 6 months. The average price for November is $5,900. During December the price had a slight fall till $5,563. During the following two months (January, February) the average price had a considerable fall of 72 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $5,804 they are 63 % more affordable than the average price for Norwell . The properties with the lowest average price have 2 bedrooms, Their price is 51 % more affordable than the average. After that we have properties with 1 bedroom priced at $2,161.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,804 it is 51 % more affordable than the average price in Norwell. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $2,815 it is 33 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $43 / sq.feet. "Condo" at an average price of $43 / sq.feet has the highest price and would be directed at more affluent cities.
