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 January, the average price per sq.feet was $25.15. In February this price barely changed remaining at $24.51 per sq.feet. The price for the following two months in (March, April) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % 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 $23.36 to $5.01 during May, and June.
When referring to the price in Gloucester City (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,292. In February This price remains at $1,350. During the following two months (March, April) 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 $1,253 and $1,308.5 between May and June.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 15 % more affordable than the average price of $1,220 in Gloucester City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 15 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2841 % more expensive than the average price of ($30 / sq.feet) in Gloucester City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2841 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,433 it is 22 % more affordable than the average price in Gloucester City. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,115 it is 15 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $30 / sq.feet. "House" at an average price of $30 / sq.feet has the highest price and would be directed at more affluent cities.