The rent prices in real estate in Providence, in the Rhode Island region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Providence has risen during the last 6 months. In November, the average price per sq.feet was $2.52. In December this price barely changed remaining at $2.41 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.46 to $2.58 per sq.feet. The price per sq.feet has risen 112 % 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 $2.52 to $2.84 during March, and April.
When referring to the price in Providence (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,088. In December This price remains at $2,030. In the following two months the average price has hardly changed with regard to the previous two months from $2,059 to $2,047. 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 $2,053 and $2,014 between March and April.
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 $2,052 they are 12 % more affordable than the average price for Providence . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,289.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.59 / sq.feet, with an average $2.74 / sq.feet price in Providence. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.35 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $2,052 it is 2 % more expensive than the average price in Providence. "Condo" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $2,091 it is 84 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.21 / sq.feet followed by "House" priced at $2.82 / sq.feet. "House" is the most expensive type of property with a $2.82 / sq.feet value followed by "Condo" with an average price of $2.21 / sq.feet.