The rent prices in real estate in Irvington, 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 Irvington has had a strong fall during the last 6 months. In November, the average price per sq.feet was $33.67. In the following month the price per sq.feet fell considerably to $10.34. In the following two months the price per sq.feet has practically remained the same, going from $22 to $22.83 per sq.feet. The price per sq.feet has had a considerable fall of 7 % 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 $22.42 to $1.61 during March, and April.
When referring to the price in Irvington (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,441. In December This price remains at $1,383. In the following two months the average price has hardly changed with regard to the previous two months from $1,412 to $1,459. 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 $1,435.5 and $1,400.5 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 $1,370 they are 10 % more affordable than the average price for Irvington . The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,417.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.47 / sq.feet, with an average $1.66 / sq.feet price in Irvington. 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 $1.63 / sq.feet.
According to average price per property type in Irvington, "" priced at $1,259 is 8 % lower than the average price ($1,370) in this city.