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 December, the average price per sq.feet was $1.38. In the following month the price per sq.feet fell to $1.2. The price for the following two months in (February, March) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1.2 to $1.04 during April, and May.
When referring to the price in Millville (cities), this has risen in the last 6 months. The average price during our first sample month during December, is $1,094. During January the price went through a considerable rise reaching $1,282. During the following two months (February, March) the average price fell 94 % 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 increased 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,225 they are 20 % more affordable than the average price for Millville . The properties with the highest average price have 3 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,124.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 0 % 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 0 % more affordable than the average value aforementioned.
According to average price per property type in Millville, "" priced at $1,124 is 8 % lower than the average price ($1,225) in this city.