Property prices for rent in Massachusetts region
The average rent price in the Massachusetts region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in Massachusetts has barely changed in the last 6 months. During February, the average price per sq.feet was $3.37. The following month the price fell to $3.18 per sq.feet. The price per sq.feet for the following two months barely changed going from $3.28 to $3.32 per sq.feet. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $3.3 for the first four months of the sample with regard to the previous 4 months and the price $3.51 per sq.feet for the last two months (June, July).
When referring to the price in Massachusetts(region), there have hardly been any changes in the last 6 months. In the first month sample February the average price is $3,010. In March the price remains at $2,876. The average price for the following two months (April, May) rose from $2,943 to $3,215. During the last two months the average price has not gone through any changes and has gone from $3,079 to $3,033.5 during June and July.
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 9 % cheaper than the average price in Massachusetts followed by those with 2 with an average price of $3,249. The most expensive properties have 4 bedrooms. They are 40 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,389.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $2.79 / sq.feet being $3.5 / sq.feet the average for Massachusetts. The properties with the highest average price are those with 1 bedroom. These are 11 % more expensive than the average followed by those with 4 bedrooms with a price of $2.98 / sq.feet.
The graph displaying the average rent price according to the property type shows "Commercial" as the most affordable one. With an average cost of $3,024 it is 10 % cheaper than the average in Massachusetts. This is followed by "House" with a cost of $3,050. The most expensive property type is "Townhouse" and is 42 % more costly than the average, followed by "Condo" with a cost of $3,464.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $2.47 / sq.feet, followed by "Apartment" with a price of $2.69 / sq.feet. "House" with an average price of $3.79 / sq.feet is the most expensive type of property followed by "Land" at a price of $3.16 / sq.feet.
