The rent prices in real estate in Jersey 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 Jersey City has had a strong fall during the last 6 months. In March, the average price per sq.feet was $34.85. In the following month the price per sq.feet fell to $30.17. The price for the following two months in (May, June) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $28.68 to $6.7 during July, and August.
When referring to the price in Jersey City (cities), there have hardly been any changes in the last 6 months. The average price for March is $3,269. During April the price had a slight fall till $3,079. In the following two months the average price has hardly changed with regard to the previous two months from $3,174 to $3,185.5. 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 $3,179.75 and $3,182 between July and August.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $3,201 in Jersey City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($5.76 / sq.feet) in Jersey City. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in Jersey City we can see that the most affordable property type is "Condo" at a price of $3,201, they are 0 % cheaper than the average price of (!PRECIO2!). "Condo" has the most affordable price. This price is 0 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $5.76 / sq.feet. "Condo" with an average price of $5.76 / sq.feet has the most affordable price and would be directed at less affluent cities.