Property prices for rent in Margate City (New Jersey)

The price per sq.feet in Margate City has risen strongly during the last 6 months. In October, the average price per sq.feet was $11.23. In the following month the price per sq.feet rose considerably to $12.99. The price for the following two months in (December, January) had a considerable rise of 125 %. The price per sq.feet has had a considerable rise of 153 % 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 $13.63 to $20.84 during February, and March.

When referring to the price in Margate City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $8,260. During November the price went through a considerable rise reaching $12,601. During the following two months (December, January) the average price had a considerable rise of 175 % 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 182 % 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 $27,000 they are 76 % more affordable than the average price for Margate City . The properties with the highest average price have 3 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 2 bedrooms priced at $19,970.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $9 / sq.feet, with an average $23.1 / sq.feet price in Margate City. The properties with the most expensive average prices have 3 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $26.37 / sq.feet.

The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $27,000 it is 69 % more affordable than the average price in Margate City. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $21,089 it is 66 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $27 / sq.feet followed by "Condo" priced at $35 / sq.feet. "Condo" is the most expensive type of property with a $35 / sq.feet value followed by "House" with an average price of $27 / sq.feet.