Property prices for rent in Atlantic City (New Jersey)
The rent prices in real estate in Atlantic City, 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 Atlantic City has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.74. In the following month the price per sq.feet rose to $1.93. In the following two months the price per sq.feet has practically remained the same, going from $1.84 to $1.77 per sq.feet. The price per sq.feet has had a considerable rise of 253 % 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 $1.81 to $4.57 during January, and February.
When referring to the price in Atlantic City (cities), this has fallen considerably in the last 6 months. The rent price in September is $1,798, rising in October till $2,036. During the following two months (November, December) the average price had a considerable fall of 79 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,712 to $1,295.5, which means a 76 % fall.
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 $1,334 they are 30 % more affordable than the average price for Atlantic City . The properties with the highest average price have 3 bedrooms, Their price is 148 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,123.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $7.49 / sq.feet price in Atlantic City. The properties with the most expensive average prices have 2 bedrooms. They are 140 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
According to average price per property type in Atlantic City, "" priced at $975 is 27 % lower than the average price ($1,334) in this city.
