The rent prices in real estate in Worcester, 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 Worcester has risen during the last 6 months. In March, the average price per sq.feet was $2.11. In April this price barely changed remaining at $2.05 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $2.08 to $2.3 per sq.feet. The price per sq.feet has risen 110 % 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 $2.19 to $2.4 during July, and August.
When referring to the price in Worcester (cities), this has risen in the last 6 months. The rent price in March is $2,020, rising in April till $2,128. In the following two months the average price has hardly changed with regard to the previous two months from $2,074 to $2,147.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $2,311 they are 11 % more affordable than the average price for Worcester . 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 $2,377.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.75 / sq.feet, with an average $2.43 / sq.feet price in Worcester. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.46 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,311 it is 35 % more affordable than the average price in Worcester. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $2,360 it is 57 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $2.02 / sq.feet followed by "Condo" priced at $2.76 / sq.feet. "House" is the most expensive type of property with a $2.79 / sq.feet value followed by "Condo" with an average price of $2.76 / sq.feet.