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 June, the average price per sq.feet was $58. In the following month the price per sq.feet fell considerably to $40.82. The price for the following two months in (August, September) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has had a considerable fall of 8 % 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 $43.35 to $3.67 during October, and November.
When referring to the price in Jersey City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during June, is $2,422. During July the price went through a considerable rise reaching $2,884. During the following two months (August, September) the price has had an average rise from $2,653 to $2,992.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 $2,911 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 ($3.73 / 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 $2,911, 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 $3.73 / sq.feet. "Condo" with an average price of $3.73 / sq.feet has the most affordable price and would be directed at less affluent cities.