The rent prices in real estate in Florham Park, 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 Florham Park has had a strong fall during the last 6 months. In August, the average price per sq.feet was $3.38. In the following month the price per sq.feet fell to $3. The price for the following two months in (October, November) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 84 % 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 $3.08 to $2.58 during December, and January.
When referring to the price in Florham Park (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $2,837. In September This price remains at $2,800. During the following two months (October, November) the price has had an average rise from $2,818.5 to $3,009.5. 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 $2,914 and $2,943 between December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,856 they are 22 % more affordable than the average price for Florham Park . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,959.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $2.55 / sq.feet price in Florham Park. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.44 / sq.feet.
According to average price per property type in Florham Park, "" priced at $2,228 is 22 % lower than the average price ($2,856) in this city.