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.