Property prices for rent in Gloucester City (New Jersey)
The rent prices in real estate in Gloucester City, 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 Gloucester City has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.69. In November this price barely changed remaining at $1.64 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.51 to $1.4 during February, and March.
When referring to the price in Gloucester City (cities), this has risen in the last 6 months. The rent price in October is $1,556, rising in November till $1,725. During the following two months (December, January) the price has had an average rise from $1,640.5 to $1,780. 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 $1,710.25 and $1,721.5 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 $1,675 they are 19 % more affordable than the average price for Gloucester City . The properties with the highest average price have 3 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,667.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.3 / sq.feet price in Gloucester City. The properties with the most expensive average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.15 / sq.feet.
According to average price per property type in Gloucester City, "" priced at $1,355 is 19 % lower than the average price ($1,675) in this city.
