Property prices for rent in Norwich (Connecticut)
The rent prices in real estate in Norwich, in the Connecticut region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Norwich has risen during the last 6 months. In September, the average price per sq.feet was $1.29. In the following month the price per sq.feet fell to $1.2. In the following two months the price per sq.feet has practically remained the same, going from $1.25 to $1.3 per sq.feet. The price per sq.feet has had a considerable rise of 117 % 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 $1.27 to $1.49 during January, and February.
When referring to the price in Norwich (cities), this has risen in the last 6 months. In our first sample month during September, the average price is $1,339. In October This price remains at $1,348. During the following two months (November, December) the price has had an average rise from $1,343.5 to $1,441. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,516 they are 21 % more affordable than the average price for Norwich . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,712.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.52 / sq.feet price in Norwich. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.41 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,516 it is 28 % more affordable than the average price in Norwich. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,437 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.43 / sq.feet followed by "House" priced at $1.46 / sq.feet. "House" is the most affordable type of property with a $1.46 / sq.feet value followed by "Condo" with an average price of $1.43 / sq.feet.
