The average rent price in the Connecticut region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Connecticut has risen considerably in the last 6 months. During April, the average price per sq.feet was $1.99. The following month (May) the price had a considerable rise reaching $3.85 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 146 %. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $3.6 for the first four months of the sample with regard to the previous 4 months and the price $3.82 per sq.feet for the last two months (August, September).
When referring to the price in Connecticut(region), there have hardly been any changes in the last 6 months. In the first month sample April the average price is $1,956. In May the price remains at $1,902. In the following two months the average price practically remained the same compared to the previous two going from $1,929 to $1,908. During the last two months the average price has not gone through any changes and has gone from $1,918.5 to $1,875.5 during August and September.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 14 % cheaper than the average price in Connecticut followed by those with 2 with an average price of $1,768. The most expensive properties have 4 bedrooms. They are 121 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,230.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.52 / sq.feet being $2.01 / sq.feet the average for Connecticut. The properties with the highest average price are those with 4 bedrooms. These are 25 % more expensive than the average followed by those with 1 bedroom with a price of $2.14 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,760 it is 43 % cheaper than the average in Connecticut. This is followed by "Townhouse" with a cost of $1,529. The most expensive property type is "Condo" and is 50 % more costly than the average, followed by "Land" with a cost of $1,702.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.95 / sq.feet, followed by "House" with a price of $2.1 / sq.feet. "Commercial" with an average price of $44 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $8 / sq.feet.