Property prices for rent in Longport (New Jersey)
The rent prices in real estate in Longport, 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 Longport has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.07. In November this price barely changed remaining at $3.05 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 224 %. The price per sq.feet has had a considerable fall of 58 % 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 $4.96 to $2.89 during February, and March.
When referring to the price in Longport (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $3,207. In November This price remains at $3,242. During the following two months (December, January) the average price had a considerable rise of 278 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $6,099.75 to $4,525.5, which means a 74 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $3,363 they are 62 % more affordable than the average price for Longport . The properties with the lowest average price have 1 bedroom, Their price is 61 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,292.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $3,363 it is 178 % more expensive than the average price in Longport. "Commercial" is seen as the second most expensive property type. The most expensive property type is "" followed by "Commercial". At a price of $9,395 it is 249 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $591 / sq.feet followed by "Commercial" priced at $595 / sq.feet. "Commercial" is the most expensive type of property with a $595 / sq.feet value followed by "Townhouse" with an average price of $591 / sq.feet.
