Property prices for rent in Boonton (New Jersey)
The rent prices in real estate in Boonton, 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 Boonton has risen strongly during the last 6 months. In October, the average price per sq.feet was $132.11. In the following month the price per sq.feet rose considerably to $239.77. The price for the following two months in (December, January) had a considerable rise of 139 %. The price per sq.feet has risen 112 % 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 $222.24 to $249.26 during February, and March.
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 October, the average price is $2,795. In November This price remains at $2,742. During the following two months (December, January) the price has had an average rise from $2,768.5 to $2,984.5. 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 $2,876.5 and $2,956.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $3,057 they are 29 % more affordable than the average price for Boonton . The properties with the highest average price have 2 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,098.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % more affordable than the average price of ($1 / sq.feet) in Boonton. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % more affordable than the average value aforementioned.
According to average price per property type in Boonton, "" priced at $2,179 is 29 % lower than the average price ($3,057) in this city.
