The rent prices in real estate in Colonia, 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 Colonia has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.41. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable fall of 29 with regard to the previous two months. The price per sq.feet has had a considerable fall of 71 % 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 $1.1 to $0.79 during February, and March.
When referring to the price in Colonia (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,334. In November This price remains at $2,380. During the following two months (December, January) the average price fell 91 % 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 increased 113 % 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 $2,750 they are 58 % more affordable than the average price for Colonia . The properties with the lowest average price have 2 bedrooms, Their price is 54 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,157.
According to average price per property type in Colonia, "" priced at $1,257 is 54 % lower than the average price ($2,750) in this city.