The average rent price in the Massachusetts 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 Massachusetts has risen considerably in the last 6 months. During April, the average price per sq.feet was $3.76. The following month (May) the price had a considerable rise reaching $53.75 per sq.feet. The following two months (June, July) went through a considerable fall of 13 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 32 %. This has been obtained by comparing the price of $16.18 for the first four months of the sample with regard to the previous 4 months and the price of $5.16 per sq.feet for the last two months (August, September).
When referring to the price in Massachusetts (region), this has fallen in the last 6 months. In the first month sample April the average price is $3,100. In May the price remains at $2,962. The average price for the following two months (June, July) fell 95 % compared to the previous two. During the last two months the price has gone down 85 % compared to the previous average values going from $2,949.5 a $2,521.5 in August y 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 16 % cheaper than the average price in Massachusetts followed by those with 2 with an average price of $2,444. The most expensive properties have 4 bedrooms. They are 32 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,981.
Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $2.72 / sq.feet being $3.06 / sq.feet the average for Massachusetts. The properties with the highest average price are those with 4 bedrooms. These are 507 % more expensive than the average followed by those with 3 bedrooms with a price of $8.53 / 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 $2,568 it is 52 % cheaper than the average in Massachusetts. This is followed by "Townhouse" with a cost of $1,623. The most expensive property type is "Apartment" and is 14 % more costly than the average, followed by "Land" with a cost of $2,887.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $2.64 / sq.feet, followed by "Condo" with a price of $3.01 / sq.feet. "Townhouse" with an average price of $34 / sq.feet is the most expensive type of property followed by "House" at a price of $19.29 / sq.feet.