The rent prices in real estate in Portland, in the Connecticut region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Portland has risen strongly during the last 6 months. In August, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $19. The price for the following two months in (October, November) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 12 % 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 $5.34 to $0.63 during December, and January.
When referring to the price in Portland (cities), this has fallen considerably in the last 6 months. The average price for August is $1,878. During September the price had a considerable fall till $1,409. During the following two months (October, November) the average price had a considerable fall of 75 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $1,059 they are 0 % more affordable than the average price for Portland . The properties with the highest average price have 2 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,059.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.26 / sq.feet, with an average $1.26 / sq.feet price in Portland. The properties with the most expensive average prices have 2 bedrooms. They are 852 % more expensive than the average followed by properties with 1 bedroom with a price at $1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $1,059 it is 35 % more expensive than the average price in Portland. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,432 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $51 / sq.feet followed by "House" priced at $61 / sq.feet. "House" is the most expensive type of property with a $61 / sq.feet value followed by "Townhouse" with an average price of $51 / sq.feet.