The rent prices in real estate in Washington, in the Connecticut 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 Washington has risen strongly during the last 6 months. In November, the average price per sq.feet was $3.58. In December this price barely changed remaining at $3.48 per sq.feet. In the following two months the price per sq.feet has risen 106 %, going from $3.53 to $3.74 per sq.feet. The price per sq.feet has had a considerable rise of 169 % 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 $3.64 to $6.13 during March, and April.
When referring to the price in Washington (cities), there have hardly been any changes in the last 6 months. The rent price in November is $15,929, rising in December till $17,800. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $16,116.25 to $14,596 in March and April.
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 $14,742 they are 56 % more affordable than the average price for Washington . The properties with the lowest average price have 2 bedrooms, Their price is 47 % more affordable than the average. After that we have properties with 1 bedroom priced at $6,500.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $9.62 / sq.feet, with an average $6.09 / sq.feet price in Washington. The properties with the most expensive average prices have 2 bedrooms. They are 8209 % more expensive than the average followed by properties with 1 bedroom with a price at $9.62 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $14,742 it is 60 % more affordable than the average price in Washington. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of $5,873 it is 47 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $369 / sq.feet followed by "House" priced at $506 / sq.feet. "House" is the most expensive type of property with a $506 / sq.feet value followed by "Apartment" with an average price of $369 / sq.feet.