The rent prices in real estate in Millville, 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 Millville has had a strong fall during the last 6 months. In February, the average price per sq.feet was $7.17. In the following month the price per sq.feet fell considerably to $1.37. The price for the following two months in (April, May) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable fall of 39 % 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 $2.78 to $1.1 during June, and July.
When referring to the price in Millville (cities), this has fallen in the last 6 months. The average price for February is $1,262. During March the price had a slight fall till $1,169. In the following two months the average price has hardly changed with regard to the previous two months from $1,215.5 to $1,229.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,222.5 to $1,099.5 in June and July.
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 $1,052 they are 14 % more affordable than the average price for Millville . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,134.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 17 % more affordable than the average price of ($1 / sq.feet) in Millville. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 17 % more affordable than the average value aforementioned.
According to average price per property type in Millville, "" priced at $1,134 is 8 % more expensive than the average price ($1,052) in this city.