The rent prices in real estate in Riverside, 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 Riverside has had a strong fall during the last 6 months. In March, the average price per sq.feet was $375. In April this price barely changed remaining at $375 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $375 to $424 per sq.feet. The price per sq.feet has had a considerable fall of 1 % 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 $399.5 to $2.95 during July, and August.
When referring to the price in Riverside (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $6,072. In April This price remains at $6,072. During the following two months (May, June) the price has had an average rise from $6,072 to $6,642. 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 $6,357 and $6,174.5 between July and August.
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 $8,038 they are 79 % more affordable than the average price for Riverside . The properties with the lowest average price have 2 bedrooms, Their price is 21 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,708.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3 / sq.feet, with an average $3.15 / sq.feet price in Riverside. The properties with the most expensive average prices have 2 bedrooms. They are 12440 % more expensive than the average followed by properties with 1 bedroom with a price at $3 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $8,038 it is 26 % more affordable than the average price in Riverside. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of $5,965 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $359 / sq.feet followed by "House" priced at $395 / sq.feet. "House" is the most expensive type of property with a $395 / sq.feet value followed by "Townhouse" with an average price of $359 / sq.feet.