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 February, the average price per sq.feet was $1.99. The following month (March) the price had a considerable rise reaching $2.55 per sq.feet. The following two months (April, May) went through a fall of 93 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has risen 108 %. This has been obtained by comparing the price $2.19 for the first four months of the sample with regard to the previous 4 months and the price $2.37 per sq.feet for the last two months (June, July).
When referring to the price in Connecticut(region), this has risen considerably in the last 6 months. In the first month sample for February the average price is $2,351. During March it went through a strong rise reaching $3,210 In the following two months the average price has fallen 80 % compared to the previous two. During the last two months the price has had a considerable rise of 129 % with respect to the previous four months going from $2,498 a $3,211.
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 43 % cheaper than the average price in Connecticut followed by those with 2 with an average price of $2,603. The most expensive properties have 4 bedrooms. They are 94 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,235.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $2.08 / sq.feet being $2.51 / sq.feet the average for Connecticut. The properties with the lowest average price are those with 4 bedrooms. These are 0 % more affordable than the average followed by those with 1 bedroom with a price of $2.45 / sq.feet.
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $3,257 it is 64 % cheaper than the average in Connecticut. This is followed by "Land" with a cost of $1,460. The most expensive property type is "Condo" and is 6 % more costly than the average, followed by "Townhouse" with a cost of $2,517.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $2.35 / sq.feet, followed by "House" with a price of $2.42 / sq.feet. "Duplex" with an average price of $42 / sq.feet is the most expensive type of property followed by "Apartment" at a price of $8 / sq.feet.