The rent prices in real estate in West Greenwich, in the Rhode Island 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 West Greenwich has risen strongly during the last 6 months. In February, the average price per sq.feet was $4.03. In the following month the price per sq.feet rose considerably to $11.74. In the following two months the price per sq.feet has practically remained the same, going from $7.89 to $7.91 per sq.feet. The price per sq.feet has had a considerable rise of 185 % 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 $7.9 to $14.61 during June, and July.
When referring to the price in West Greenwich (cities), this has risen in the last 6 months. The average price during our first sample month during February, is $1,714. During March the price went through a considerable rise reaching $2,104. In the following two months the average price has hardly changed with regard to the previous two months from $1,909 to $1,855.5. 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 $1,882.25 and $1,969 between June and July.
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 $1,969 they are 14 % more affordable than the average price for West Greenwich . The properties with the lowest average price have 1 bedroom, Their price is 2 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,704.
With regard to the average prices per sq.feet those properties with 1 bedroom are 73 % more affordable than the average price of ($4 / sq.feet) in West Greenwich. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 73 % more affordable than the average value aforementioned.
According to average price per property type in West Greenwich, "" priced at $1,700 is 14 % lower than the average price ($1,969) in this city.