Property prices for rent in Somerset (Massachusetts)
The rent prices in real estate in Somerset, 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 Somerset has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.64. In the following month the price per sq.feet rose considerably to $1.94. The price for the following two months in (December, January) had a considerable rise of 125 %. 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 $2.02 to $2.26 during February, and March.
When referring to the price in Somerset (cities), this has risen in the last 6 months. The rent price in October is $1,828, rising in November till $2,031. In the following two months the average price has hardly changed with regard to the previous two months from $1,929.5 to $2,016.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,044 they are 20 % more affordable than the average price for Somerset . Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.7 / sq.feet, with an average $2.09 / sq.feet price in Somerset. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % more expensive than the average value aforementioned.
