Property prices for rent in Portland (Connecticut)
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 November, the average price per sq.feet was $0.39. In the following month the price per sq.feet rose considerably to $0.91. The price for the following two months in (January, February) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable rise of 259 % 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 $0.6 to $1.54 during March, and April.
When referring to the price in Portland (cities), this has fallen considerably in the last 6 months. The average price for November is $1,800. During December the price had a slight fall till $1,567. During the following two months (January, February) the average price fell 88 % 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 $1,584.5 to $1,177, which means a 74 % fall.
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 $1,304 they are 3 % more affordable than the average price for Portland . The properties with the highest average price have 3 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,381.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.48 / sq.feet, with an average $1.57 / sq.feet price in Portland. The properties with the most expensive average prices have 3 bedrooms. They are 537 % more expensive than the average followed by properties with 4 bedrooms with a price at $5 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $1,304 it is 6 % more expensive than the average price in Portland. "Condo" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,398 it is 10 % 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 $24 / sq.feet followed by "Condo" priced at $34 / sq.feet. "House" is the most expensive type of property with a $54 / sq.feet value followed by "Condo" with an average price of $34 / sq.feet.
