The rent prices in real estate in Absecon, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Absecon has had a strong fall during the last 6 months. In July, the average price per sq.feet was $4.04. In the following month the price per sq.feet fell considerably to $1.2. The price for the following two months in (September, October) had a considerable fall of 45 with regard to the previous two months. The price per sq.feet has had a considerable fall of 60 % 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 $1.9 to $1.15 during November, and December.
When referring to the price in Absecon (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,308. In August This price remains at $1,329. In the following two months the average price has hardly changed with regard to the previous two months from $1,318.5 to $1,298. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,308.25 and $1,243 between November and December.
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 $1,226 they are 4 % more affordable than the average price for Absecon . The properties with the highest average price have 3 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,255.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.13 / sq.feet price in Absecon. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.09 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,226 it is 8 % more affordable than the average price in Absecon. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $1,123 it is 0 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Townhouse with an average cost of $3 / sq.feet. "Townhouse" at an average price of $3 / sq.feet has the highest price and would be directed at more affluent cities.