Property prices for rent in Edison (New Jersey)
The rent prices in real estate in Edison, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Edison has fallen during the last 6 months. In October, the average price per sq.feet was $2.9. In the following month the price per sq.feet fell to $2.68. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $2.68 to $2.42 during February, and March.
When referring to the price in Edison (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,681. In November This price remains at $2,708. In the following two months the average price has hardly changed with regard to the previous two months from $2,694.5 to $2,787. 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 $2,740.75 and $2,679.5 between February and March.
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 $2,700 they are 24 % more affordable than the average price for Edison . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,211.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $2.54 / sq.feet, with an average $2.51 / sq.feet price in Edison. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.61 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,700 it is 43 % more affordable than the average price in Edison. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $3,282 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "House" priced at $2.39 / sq.feet. "Condo" is the most affordable type of property with a $2.49 / sq.feet value followed by "House" with an average price of $2.39 / sq.feet.
