Property prices for rent in Boonton (New Jersey)
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.
