Property prices for rent in Jersey City (New Jersey)

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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Jersey City has had a strong fall during the last 6 months. In February, the average price per sq.feet was $31.66. In the following month the price per sq.feet fell considerably to $2.71. The price for the following two months in (April, May) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $10.01 to $8.73 during June, and July.

Average price

When referring to the price in Jersey City (cities), this has fallen in the last 6 months. The average price for February is $2,656. During March the price had a slight fall till $2,473. During the following two months (April, May) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $2,460.25 to $2,185.5 in June and July.

Average price per bedrooms

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 $2,292 they are 7 % more affordable than the average price for Jersey City . The properties with the highest average price have 2 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,315.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $14.92 / sq.feet price in Jersey City. The properties with the most affordable average prices have 3 bedrooms. They are 0 % more affordable than the average followed by properties with 1 bedroom with a price at $7.82 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,292 it is 2 % 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 "" followed by "Townhouse". At a price of $2,824 it is 28 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $3.09 / sq.feet followed by "Condo" priced at $10.26 / sq.feet. "House" is the most expensive type of property with a $53.68 / sq.feet value followed by "Condo" with an average price of $10.26 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Jersey City
Number of properties used in region New Jersey
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value