Property prices for rent in Marlboro (New Jersey)
The rent prices in real estate in Marlboro, 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 Marlboro has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.06. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (January, February) had a considerable rise of 120 %. The price per sq.feet has risen 111 % 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 $1.68 to $1.87 during March, and April.
When referring to the price in Marlboro (cities), there have hardly been any changes in the last 6 months. The average price for November is $3,938. During December the price had a slight fall till $3,540. During the following two months (January, February) the average price had a considerable rise of 125 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $4,202 to $3,843.5 in March and April.
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 $3,828 they are 57 % more affordable than the average price for Marlboro . The properties with the lowest average price have 2 bedrooms, Their price is 27 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,838.
According to average price per property type in Marlboro, "" priced at $1,838 is 52 % lower than the average price ($3,828) in this city.
