The rent prices in real estate in Cherry Hill, in the New Jersey region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Cherry Hill has risen during the last 6 months. In August, the average price per sq.feet was $1.55. In September this price barely changed remaining at $1.56 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $1.55 to $1.63 per sq.feet. The price per sq.feet has risen 113 % 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 $1.6 to $1.79 during December, and January.
When referring to the price in Cherry Hill (cities), there have hardly been any changes in the last 6 months. The rent price in August is $1,891, rising in September till $1,989. In the following two months the average price has hardly changed with regard to the previous two months from $1,940 to $1,876.5. 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 $1,908.25 and $1,966 between December and January.
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 $2,053 they are 1 % more affordable than the average price for Cherry Hill . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,226.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $1.87 / sq.feet price in Cherry Hill. The properties with the most expensive average prices have 4 bedrooms. They are 542 % more expensive than the average followed by properties with 1 bedroom with a price at $2.4 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,053 it is 41 % more affordable than the average price in Cherry Hill. "" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $1,744 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $10 / sq.feet followed by "Condo" priced at $12 / sq.feet. "Condo" is the most expensive type of property with a $12 / sq.feet value followed by "House" with an average price of $10 / sq.feet.