The rent prices in real estate in Mahwah, 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 Mahwah has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.17. In December this price barely changed remaining at $2.2 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 1179 %. The price per sq.feet has had a considerable rise of 287 % 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 $13.97 to $40.12 during March, and April.
When referring to the price in Mahwah (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,787. During December the price went through a considerable rise reaching $2,234. During the following two months (January, February) the price has had an average rise from $2,010.5 to $2,143.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,227 they are 14 % more affordable than the average price for Mahwah . The properties with the highest average price have 2 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,022.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $34.45 / sq.feet, with an average $37.57 / sq.feet price in Mahwah. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $34.45 / sq.feet.
According to average price per property type in Mahwah, "" priced at $1,914 is 14 % lower than the average price ($2,227) in this city.