The rent prices in real estate in Denville, 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 Denville has had a strong fall during the last 6 months. In August, the average price per sq.feet was $64.88. In the following month the price per sq.feet fell considerably to $2.17. The price for the following two months in (October, November) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 11 % 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 $17.79 to $2.02 during December, and January.
When referring to the price in Denville (cities), this has fallen in the last 6 months. The average price for August is $1,890. During September the price had a slight fall till $1,667. During the following two months (October, November) the average price fell 90 % with regard to the previous two months. 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 $1,689.5 and $1,608 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 $1,505 they are 13 % more affordable than the average price for Denville . The properties with the highest average price have 2 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,666.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % more expensive than the average price of ($2.06 / sq.feet) in Denville. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1 % more expensive than the average value aforementioned.
According to average price per property type in Denville, "" priced at $1,666 is 11 % more expensive than the average price ($1,505) in this city.