The rent prices in real estate in Bloomfield, 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 Bloomfield has had a strong fall during the last 6 months. In July, the average price per sq.feet was $10.36. In the following month the price per sq.feet fell considerably to $2.39. The price for the following two months in (September, October) had a considerable fall of 38 with regard to the previous two months. The price per sq.feet has had a considerable fall of 57 % 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 $4.39 to $2.5 during November, and December.
When referring to the price in Bloomfield (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,275. In August This price remains at $2,245. In the following two months the average price has hardly changed with regard to the previous two months from $2,260 to $2,267.5. 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 $2,263.75 and $2,330 between November and December.
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 $2,355 they are 18 % more affordable than the average price for Bloomfield . The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,722.
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 $2.47 / sq.feet price in Bloomfield. The properties with the most expensive average prices have 4 bedrooms. They are 5001 % more expensive than the average followed by properties with 1 bedroom with a price at $2.61 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,355 it is 7 % more affordable than the average price in Bloomfield. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,187 it is 15 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $54 / sq.feet. "House" at an average price of $54 / sq.feet has the highest price and would be directed at more affluent cities.