The rent prices in real estate in Boonton, 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 Boonton has had a strong fall during the last 6 months. In July, the average price per sq.feet was $2.99. In the following month the price per sq.feet rose to $3.39. The price for the following two months in (September, October) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 $2.81 to $2.21 during November, and December.
When referring to the price in Boonton (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,212. In August This price remains at $2,216. During the following two months (September, October) the price has had an average rise from $2,214 to $2,326. 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 $2,270 and $2,342 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 $2,312 they are 12 % more affordable than the average price for Boonton . The properties with the highest average price have 2 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,530.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.3 / sq.feet, with an average $2.21 / sq.feet price in Boonton. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.19 / sq.feet.
According to average price per property type in Boonton, "" priced at $2,296 is 1 % lower than the average price ($2,312) in this city.