Property prices for rent in Portland (Connecticut)
The rent prices in real estate in Portland, 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 Portland has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.83. In the following month the price per sq.feet fell considerably to $1.46. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.52 to $1.57 during February y March
When referring to the price in Portland (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,416. During November the price went through a considerable rise reaching $1,759. In the following two months the average price has hardly changed with regard to the previous two months from $1,587.5 to $1,556. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % 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 $2,016 they are 45 % more affordable than the average price for Portland . The properties with the highest average price have 2 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,980.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.43 / sq.feet, with an average $1.52 / sq.feet price in Portland. The properties with the most expensive average prices have 4 bedrooms. They are 163 % more expensive than the average followed by properties with 1 bedroom with a price at $1.69 / sq.feet.
The graph displaying the average rent prices displays the property type "Detached House" as the most affordable one. At an cost of $2,016 it is 31 % more affordable than the average price in Portland. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Detached House". At a price of $1,386 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Detached House" at an average price of $28 / sq.feet followed by "House" priced at $53 / sq.feet. "House" is the most expensive type of property with a $53 / sq.feet value followed by "Detached House" with an average price of $28 / sq.feet.
