The rent prices in real estate in West Springfield, 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 West Springfield has risen during the last 6 months. In November, the average price per sq.feet was $1.7. In December this price barely changed remaining at $1.72 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 118 %. The price per sq.feet has fallen 87 % 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 $1.86 to $1.62 during March, and April.
When referring to the price in West Springfield (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,672. During December the price had a slight fall till $1,539. In the following two months the average price has hardly changed with regard to the previous two months from $1,605.5 to $1,536.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 123 % 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 $1,859 they are 22 % more affordable than the average price for West Springfield . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,910.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.63 / sq.feet price in West Springfield. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.54 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,859 it is 22 % more affordable than the average price in West Springfield. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,453 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Condo" priced at $2 / sq.feet. "Condo" is the most expensive type of property with a $2 / sq.feet value followed by "House" with an average price of $1 / sq.feet.