The rent prices in real estate in Old Lyme, 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 Old Lyme has risen during the last 6 months. In October, the average price per sq.feet was $1.78. In November this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.79 to $1.86 per sq.feet. The price per sq.feet has had a considerable rise of 122 % 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 $1.83 to $2.23 during February, and March.
When referring to the price in Old Lyme (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,595. In November This price remains at $2,645. In the following two months the average price has hardly changed with regard to the previous two months from $2,620 to $2,642.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,725 they are 34 % more affordable than the average price for Old Lyme . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,291.
According to average price per property type in Old Lyme, "" priced at $2,430 is 11 % lower than the average price ($2,725) in this city.