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 February, the average price per sq.feet was $1.47. In the following month the price per sq.feet rose to $1.56. The price for the following two months in (April, May) had a considerable rise of 2730 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $21.44 to $22.39 during June y July
When referring to the price in Atlantic City (cities), this has risen considerably in the last 6 months. The rent price in February is $1,814, rising in March till $2,060. During the following two months (April, May) the average price had a considerable rise of 1062 % with regard to the previous two months. 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 $11,257.75 and $11,164 between June and July.
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 $1,419 they are 40 % more affordable than the average price for Atlantic City . The properties with the highest average price have 3 bedrooms, Their price is 133 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,027.
With regard to the average prices per sq.feet those properties with 1 bedroom are 22 % more affordable than the average price of ($1.17 / sq.feet) in Atlantic City. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 22 % more affordable than the average value aforementioned.
According to average price per property type in Atlantic City, "" priced at $977 is 31 % lower than the average price ($1,419) in this city.