The rent prices in real estate in Belmar, 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 Belmar has risen strongly during the last 6 months. In November, the average price per sq.feet was $3.91. In the following month the price per sq.feet fell considerably to $3.08. In the following two months the price per sq.feet has practically remained the same, going from $3.49 to $3.57 per sq.feet. The price per sq.feet has had a considerable rise of 203 % 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 $3.53 to $7.16 during March, and April.
When referring to the price in Belmar (cities), this has risen considerably in the last 6 months. The rent price in November is $6,946, rising in December till $7,701. During the following two months (January, February) the average price had a considerable rise of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 126 % during the last two months.
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 $9,041 they are 47 % more affordable than the average price for Belmar . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 2 bedrooms priced at $13,119.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $5.84 / sq.feet, with an average $6.55 / sq.feet price in Belmar. The properties with the most expensive average prices have 2 bedrooms. They are 47 % more expensive than the average followed by properties with 4 bedrooms with a price at $9.47 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $9,041 it is 86 % more affordable than the average price in Belmar. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $7,359 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.7 / sq.feet followed by "Townhouse" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $9.87 / sq.feet value followed by "House" with an average price of $7.56 / sq.feet.