The rent prices in real estate in Monmouth Junction, in the New Jersey region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Monmouth Junction has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.59. In April this price barely changed remaining at $1.62 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.61 to $1.78 per sq.feet. The price per sq.feet has had a considerable rise of 194 % 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 $1.69 to $3.29 during July, and August.
When referring to the price in Monmouth Junction (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $1,595. In April This price remains at $1,672. During the following two months (May, June) the price has had an average rise from $1,633.5 to $1,739. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 224 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $5,432 they are 72 % more affordable than the average price for Monmouth Junction . The properties with the highest average price have 2 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 1 bedroom priced at $3,580.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.5 / sq.feet, with an average $4.08 / sq.feet price in Monmouth Junction. The properties with the most expensive average prices have 2 bedrooms. They are 110 % more expensive than the average followed by properties with 1 bedroom with a price at $1.5 / sq.feet.
According to average price per property type in Monmouth Junction, "" priced at $1,545 is 72 % lower than the average price ($5,432) in this city.