Property prices for rent in Garfield (New Jersey)
The rent prices in real estate in Garfield, in the New Jersey region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Garfield has risen during the last 6 months. In November, the average price per sq.feet was $2.78. In the following month the price per sq.feet rose to $3.06. In the following two months the price per sq.feet has risen 110 %, going from $2.92 to $3.22 per sq.feet. The price per sq.feet has fallen 89 % 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 $3.07 to $2.74 during March, and April.
When referring to the price in Garfield (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,303. In December This price remains at $2,284. In the following two months the average price has hardly changed with regard to the previous two months from $2,293.5 to $2,271. 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 $2,282.25 and $2,322.5 between March and April.
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 $2,358 they are 6 % more affordable than the average price for Garfield . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,730.
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 $2.69 / sq.feet price in Garfield. The properties with the most expensive average prices have 3 bedrooms. They are 209 % more expensive than the average followed by properties with 1 bedroom with a price at $2.64 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,358 it is 16 % more affordable than the average price in Garfield. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of $2,281 it is 1 % more affordable 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 "House" priced at $7 / sq.feet. "House" is the most expensive type of property with a $7 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.
