The rent prices in real estate in Asbury Park, 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 Asbury Park has had a strong fall during the last 6 months. In April, the average price per sq.feet was $41.81. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (June, July) had a considerable fall of 5 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $11.2 to $2.23 during August, and September.
When referring to the price in Asbury Park (cities), there have hardly been any changes in the last 6 months. The average price for April is $2,194. During May the price had a slight fall till $1,900. During the following two months (June, July) the average price fell 88 % 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 152 % 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 $4,054 they are 59 % more affordable than the average price for Asbury Park . The properties with the lowest average price have 2 bedrooms, Their price is 56 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,644.
According to average price per property type in Asbury Park, "" priced at $1,765 is 56 % lower than the average price ($4,054) in this city.