The rent prices in real estate in East Orange, 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 East Orange has risen strongly during the last 6 months. In December, the average price per sq.feet was $4.51. In the following month the price per sq.feet fell to $4.23. The price for the following two months in (February, March) had a considerable rise of 146 %. The price per sq.feet has had a considerable rise of 183 % 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 $5.38 to $9.81 during April, and May.
When referring to the price in East Orange (cities), this has risen in the last 6 months. The rent price in December is $1,611, rising in January till $1,707. In the following two months the average price has hardly changed with regard to the previous two months from $1,659 to $1,672.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,878 they are 21 % more affordable than the average price for East Orange . The properties with the highest average price have 2 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,028.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.25 / sq.feet, with an average $7.27 / sq.feet price in East Orange. The properties with the most expensive average prices have 3 bedrooms. They are 499 % more expensive than the average followed by properties with 4 bedrooms with a price at $26.55 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,878 it is 24 % more affordable than the average price in East Orange. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,840 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $6.19 / sq.feet followed by "Condo" priced at $13 / sq.feet. "Condo" is the most expensive type of property with a $13 / sq.feet value followed by "House" with an average price of $6.19 / sq.feet.