The rent prices in real estate in Providence, in the Rhode Island region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Providence has barely changed in the last 6 months. In August, the average price per sq.feet was $2.33. In the following month the price per sq.feet fell considerably to $1.97. In the following two months the price per sq.feet has risen 105 %, going from $2.15 to $2.26 per sq.feet. The price per sq.feet has risen 111 % 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 $2.2 to $2.44 during December, and January.
When referring to the price in Providence (cities), this has fallen in the last 6 months. The average price for August is $1,905. During September the price had a slight fall till $1,762. In the following two months the average price has hardly changed with regard to the previous two months from $1,833.5 to $1,792.5. 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 $1,813 and $1,820 between December and January.
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 $1,732 they are 27 % more affordable than the average price for Providence . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,100.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $2.26 / sq.feet price in Providence. The properties with the most expensive average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,732 it is 42 % more affordable than the average price in Providence. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,809 it is 17 % 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 $1.44 / sq.feet followed by "House" priced at $2.78 / sq.feet. "Office" is the most expensive type of property with a $11 / sq.feet value followed by "House" with an average price of $2.78 / sq.feet.