The rent prices in real estate in Bayonne, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Bayonne has fallen during the last 6 months. In January, the average price per sq.feet was $2.19. In February this price barely changed remaining at $2.12 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.15 to $2.08 per sq.feet. The price per sq.feet has fallen 92 % 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 $2.12 to $1.95 during May, and June.
When referring to the price in Bayonne (cities), this has fallen in the last 6 months. The average price for January is $1,858. During February the price had a slight fall till $1,675. During the following two months (March, April) the average price fell 93 % 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 $1,707.25 and $1,671.5 between May and June.
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 $1,699 they are 21 % more affordable than the average price for Bayonne . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,926.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.68 / sq.feet, with an average $1.91 / sq.feet price in Bayonne. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.75 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,699 it is 9 % more expensive than the average price in Bayonne. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $1,845 it is 30 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $5 / sq.feet. "Condo" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.