The rent prices in real estate in Orleans, in the Massachusetts 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 Orleans has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.28. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable rise of 168 %. The price per sq.feet has had a considerable fall of 45 % 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 $2.2 to $1 during February, and March.
When referring to the price in Orleans (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,063. In November This price remains at $1,977. During the following two months (December, January) the average price had a considerable rise of 134 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,364.25 to $1,832.5, which means a 78 % fall.
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 $2,347 they are 45 % more affordable than the average price for Orleans . The properties with the lowest average price have 1 bedroom, Their price is 23 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,294.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % more affordable than the average price of ($1 / sq.feet) in Orleans. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 50 % more affordable than the average value aforementioned.
According to average price per property type in Orleans, "" priced at $1,294 is 45 % lower than the average price ($2,347) in this city.