The rent prices in real estate in Edison, 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 Edison has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.77. In the following month the price per sq.feet rose to $1.88. In the following two months the price per sq.feet has risen 113 %, going from $1.83 to $2.06 per sq.feet. The price per sq.feet has risen 108 % 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 $1.94 to $2.1 during February, and March.
When referring to the price in Edison (cities), this has fallen in the last 6 months. The average price for October is $2,083. During November the price had a slight fall till $1,964. During the following two months (December, January) 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 $1,920.5 and $1,959 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 $1,958 they are 16 % more affordable than the average price for Edison . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,956.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.14 / sq.feet price in Edison. The properties with the most expensive average prices have 3 bedrooms. They are 3779 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.45 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,958 it is 12 % more affordable than the average price in Edison. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $2,349 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Townhouse" priced at $100 / sq.feet. "Townhouse" is the most expensive type of property with a $100 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.