Property prices for rent in Long Branch (New Jersey)
The rent prices in real estate in Long Branch, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Long Branch has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.55. In the following month the price per sq.feet fell to $2.37. The price for the following two months in (December, January) had a considerable rise of 118 %. The price per sq.feet has had a considerable rise of 190 % 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 $2.68 to $5.1 during February, and March.
When referring to the price in Long Branch (cities), this has risen considerably in the last 6 months. The average price for October is $3,543. During November the price had a slight fall till $3,324. During the following two months (December, January) the average price had a considerable rise of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 199 % 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 $9,109 they are 74 % more affordable than the average price for Long Branch . The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $12,232.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3.07 / sq.feet, with an average $5.99 / sq.feet price in Long Branch. The properties with the most expensive average prices have 4 bedrooms. They are 45 % more expensive than the average followed by properties with 3 bedrooms with a price at $8.17 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $9,109 it is 81 % more affordable than the average price in Long Branch. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $12,562 it is 61 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $3.06 / sq.feet followed by "House" priced at $4.58 / sq.feet. "Condo" is the most expensive type of property with a $8.1 / sq.feet value followed by "Detached House" with an average price of $6 / sq.feet.
