The rent prices in real estate in Norwich, in the Connecticut region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Norwich has barely changed in the last 6 months. In November, the average price per sq.feet was $1.19. In December this price barely changed remaining at $1.14 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.16 to $1.18 per sq.feet. The price per sq.feet has risen 109 % 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 $1.17 to $1.28 during March, and April.
When referring to the price in Norwich (cities), this has risen in the last 6 months. The rent price in November is $1,208, rising in December till $1,287. In the following two months the average price has hardly changed with regard to the previous two months from $1,247.5 to $1,298. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $1,440 they are 33 % more affordable than the average price for Norwich . The properties with the highest average price have 3 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,698.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.4 / sq.feet, with an average $1.22 / sq.feet price in Norwich. The properties with the most expensive average prices have 3 bedrooms. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,440 it is 21 % more affordable than the average price in Norwich. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,137 it is 7 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.