The rent prices in real estate in Manahawkin, 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 Manahawkin has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.1. In the following month the price per sq.feet fell to $1.93. The price for the following two months in (January, February) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $1.77 to $0.88 during March, and April.
When referring to the price in Manahawkin (cities), this has fallen in the last 6 months. The average price for November is $2,517. During December the price had a slight fall till $2,151. During the following two months (January, February) the price has had an average rise from $2,334 to $2,625. During the last two months the average price has fallen greatly compared to the previous four going from $2,479.5 to $2,072.5, which means a 84 % fall.
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 $2,088 they are 30 % more affordable than the average price for Manahawkin . The properties with the lowest average price have 2 bedrooms, Their price is 16 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,751.
According to average price per property type in Manahawkin, "" priced at $1,577 is 24 % lower than the average price ($2,088) in this city.