Property prices for rent in Atlantic City (New Jersey)
The rent prices in real estate in Atlantic City, 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 Atlantic City has had a strong fall during the last 6 months. In April, the average price per sq.feet was $3.59. In the following month the price per sq.feet fell to $3.2. The price for the following two months in (June, July) had a considerable fall of 80 with regard to the previous two months. The price per sq.feet has had a considerable fall of 85 % 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 $3.06 to $2.59 during August, and September.
When referring to the price in Atlantic City (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is $3,748. During May the price went through a considerable rise reaching $4,373. During the following two months (June, July) the average price fell 91 % 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 $3,886 to $1,893.5, which means a 49 % 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 $1,949 they are 17 % more affordable than the average price for Atlantic City . The properties with the highest average price have 4 bedrooms, Their price is 372 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,516.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.22 / sq.feet, with an average $2.68 / sq.feet price in Atlantic City. The properties with the most expensive average prices have 4 bedrooms. They are 134 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.54 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,949 it is 50 % more affordable than the average price in Atlantic City. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,558 it is 76 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1.92 / sq.feet followed by "Land" priced at $2.26 / sq.feet. "Condo" is the most expensive type of property with a $3.35 / sq.feet value followed by "House" with an average price of $3.1 / sq.feet.
