Property prices for rent in Absecon (New Jersey)
The rent prices in real estate in Absecon, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Absecon has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.32. In the following month the price per sq.feet fell to $2.12. The price for the following two months in (December, January) had a considerable rise of 122 %. The price per sq.feet has had a considerable rise of 243 % 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 $2.47 to $6 during February, and March.
When referring to the price in Absecon (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $2,058. In November This price remains at $2,006. During the following two months (December, January) the average price had a considerable rise of 118 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 235 % during the last two months.
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 $6,382 they are 59 % more affordable than the average price for Absecon . The properties with the highest average price have 4 bedrooms, Their price is 416 % more expensive than the average. After that we have properties with 3 bedrooms priced at $13,276.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.68 / sq.feet, with an average $7.12 / sq.feet price in Absecon. The properties with the most expensive average prices have 4 bedrooms. They are 250 % more expensive than the average followed by properties with 3 bedrooms with a price at $12.28 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $6,382 it is 83 % more affordable than the average price in Absecon. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,699 it is 230 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.78 / sq.feet followed by "Condo" priced at $5.74 / sq.feet. "House" is the most expensive type of property with a $19.52 / sq.feet value followed by "Condo" with an average price of $5.74 / sq.feet.
