The rent prices in real estate in Watertown, in the Massachusetts region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Watertown has risen during the last 6 months. In October, the average price per sq.feet was $3.08. In November this price barely changed remaining at $3.06 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $3.07 to $3.35 per sq.feet. The price per sq.feet has risen 109 % 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 $3.21 to $3.51 during February, and March.
When referring to the price in Watertown (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,214. In November This price remains at $3,291. In the following two months the average price has hardly changed with regard to the previous two months from $3,252.5 to $3,181.5. 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 $3,217 and $3,104.5 between February and March.
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 $3,071 they are 3 % more affordable than the average price for Watertown . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,491.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.86 / sq.feet, with an average $3.56 / sq.feet price in Watertown. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.23 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $3,071 it is 0 % more expensive than the average price in Watertown. "House" is seen as the second most expensive property type. The most expensive property type is "Detached House" followed by "Townhouse". At a price of $3,228 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2 / sq.feet followed by "Apartment" priced at $2.66 / sq.feet. "Detached House" is the most expensive type of property with a $69 / sq.feet value followed by "House" with an average price of $3.96 / sq.feet.