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 July, the average price per sq.feet was $11.36. In the following month the price per sq.feet fell considerably to $1.05. The price for the following two months in (September, October) had a considerable fall of 20 with regard to the previous two months. The price per sq.feet has had a considerable fall of 44 % 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 $3.74 to $1.64 during November, and December.
When referring to the price in Atlantic City (cities), this has fallen considerably in the last 6 months. The average price for July is $1,513. During August the price had a considerable fall till $1,213. In the following two months the average price has hardly changed with regard to the previous two months from $1,363 to $1,331.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $1,347.25 to $1,161 in November and December.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,096 they are 11 % more affordable than the average price for Atlantic City . The properties with the highest average price have 3 bedrooms, Their price is 203 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,117.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.73 / sq.feet price in Atlantic City. The properties with the most expensive average prices have 2 bedrooms. They are 313 % more expensive than the average followed by properties with 1 bedroom with a price at $1.61 / sq.feet.
According to average price per property type in Atlantic City, "" priced at $979 is 11 % lower than the average price ($1,096) in this city.
