The rent prices in real estate in Revere, in the Massachusetts 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 Revere has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.31. In the following month the price per sq.feet rose considerably to $2.69. In the following two months the price per sq.feet has risen 107 %, going from $2.5 to $2.67 per sq.feet. The price per sq.feet has had a considerable rise of 124 % 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 $2.59 to $3.2 during February, and March.
When referring to the price in Revere (cities), this has risen in the last 6 months. The rent price in October is $1,967, rising in November till $2,156. In the following two months the average price has hardly changed with regard to the previous two months from $2,061.5 to $2,083. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $2,328 they are 3 % more affordable than the average price for Revere . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,791.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.9 / sq.feet, with an average $3.2 / sq.feet price in Revere. The properties with the most expensive average prices have 4 bedrooms. They are 1532 % more expensive than the average followed by properties with 1 bedroom with a price at $3.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,328 it is 15 % more affordable than the average price in Revere. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,185 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.55 / sq.feet followed by "Condo" priced at $2.98 / sq.feet. "House" is the most affordable type of property with a $3.19 / sq.feet value followed by "Condo" with an average price of $2.98 / sq.feet.