Property prices for rent in Torrington (Connecticut)
The rent prices in real estate in Torrington, 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 Torrington has had a strong fall during the last 6 months. In September, the average price per sq.feet was $5.23. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (November, December) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $2.03 to $0.99 during January, and February.
When referring to the price in Torrington (cities), there have hardly been any changes in the last 6 months. The average price for September is $1,013. During October the price had a slight fall till $944. In the following two months the average price has hardly changed with regard to the previous two months from $978.5 to $1,003. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,127 they are 21 % more affordable than the average price for Torrington . The properties with the lowest average price have 3 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,022.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.02 / sq.feet price in Torrington. The properties with the most expensive average prices have 4 bedrooms. They are 5684 % more expensive than the average followed by properties with 3 bedrooms with a price at $13 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,127 it is 27 % more affordable than the average price in Torrington. "House" is seen as the second most affordable property type. The most affordable property is "Bungalow" followed by "Condo". At a price of $981 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Farm" at an average price of $34 / sq.feet followed by "House" priced at $36 / sq.feet. "Condo" is the most expensive type of property with a $44 / sq.feet value followed by "Land" with an average price of $39 / sq.feet.
