The rent prices in real estate in Cedar Grove, 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 Cedar Grove has had a strong fall during the last 6 months. In July, the average price per sq.feet was $2,016.67. In the following month the price per sq.feet fell considerably to . The price for the following two months in (September, October) had a considerable fall of 32 with regard to the previous two months. The price per sq.feet has had a considerable rise of 156 % 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 $667.77 to $1,038.91 during November, and December.
When referring to the price in Cedar Grove (cities), this has risen in the last 6 months. The average price for July is $3,217. During August the price had a considerable fall till $1,562. During the following two months (September, October) the average price had a considerable rise of 139 % 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 160 % 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 $4,354 they are 63 % more affordable than the average price for Cedar Grove . The properties with the lowest average price have 2 bedrooms, Their price is 60 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,618.
According to average price per property type in Cedar Grove, "" priced at $1,733 is 60 % lower than the average price ($4,354) in this city.