The rent prices in real estate in Plainville, in the Connecticut 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 Plainville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.45. In the following month the price per sq.feet fell considerably to $0.83. In the following two months the price per sq.feet has practically remained the same, going from $1.14 to $1.15 per sq.feet. The price per sq.feet has had a considerable fall of 44 % 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 $1.15 to $0.5 during February, and March.
When referring to the price in Plainville (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,159. In November This price remains at $1,146. In the following two months the average price has hardly changed with regard to the previous two months from $1,152.5 to $1,109. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,130.75 and $1,143.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,182 they are 23 % more affordable than the average price for Plainville . The properties with the highest average price have 2 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 1 bedroom priced at $980.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1 / sq.feet price in Plainville. The properties with the most expensive average prices have 3 bedrooms. They are 1900 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,182 it is 20 % more affordable than the average price in Plainville. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,070 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $14 / sq.feet followed by "House" priced at $19 / sq.feet. "Townhouse" is the most expensive type of property with a $29 / sq.feet value followed by "House" with an average price of $19 / sq.feet.