The rent prices in real estate in Jersey City, 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 Jersey City has risen during the last 6 months. In November, the average price per sq.feet was $2.54. In December this price barely changed remaining at $2.59 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.57 to $2.56 per sq.feet. The price per sq.feet has had a considerable rise of 121 % 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 $2.56 to $3.09 during March, and April.
When referring to the price in Jersey City (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $2,118. In December This price remains at $2,089. During the following two months (January, February) the price has had an average rise from $2,103.5 to $2,242. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.
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 $2,786 they are 10 % more affordable than the average price for Jersey City . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,028.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.42 / sq.feet, with an average $3.33 / sq.feet price in Jersey City. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.03 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $2,786 it is 14 % more affordable than the average price in Jersey City. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "". At a price of $2,959 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.93 / sq.feet followed by "Apartment" priced at $3.31 / sq.feet. "Villa" is the most expensive type of property with a $108 / sq.feet value followed by "Condo" with an average price of $3.6 / sq.feet.