The rent prices in real estate in Westerly, 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 Westerly has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.19. In the following month the price per sq.feet rose considerably to $1.4. In the following two months the price per sq.feet has practically remained the same, going from $1.29 to $1.35 per sq.feet. The price per sq.feet has had a considerable rise of 127 % 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 $1.32 to $1.67 during December, and January.
When referring to the price in Westerly (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,271. In September This price remains at $1,306. In the following two months the average price has hardly changed with regard to the previous two months from $1,288.5 to $1,348. 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 $1,318.25 and $1,285 between December and January.
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 $1,250 they are 20 % more affordable than the average price for Westerly . The properties with the highest average price have 3 bedrooms, Their price is 281 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,275.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $5 / sq.feet, with an average $1.68 / sq.feet price in Westerly. The properties with the most expensive average prices have 3 bedrooms. They are 1150 % more expensive than the average followed by properties with 1 bedroom with a price at $19 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,250 it is 7 % more affordable than the average price in Westerly. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,158 it is 6 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $5 / sq.feet. "House" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.