The rent prices in real estate in Monmouth Junction, 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 Monmouth Junction has had a strong fall during the last 6 months. In August, the average price per sq.feet was $45.93. In the following month the price per sq.feet fell considerably to $1.66. The price for the following two months in (October, November) had a considerable fall of 7 with regard to the previous two months. The price per sq.feet has had a considerable rise of 155 % 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 $12.73 to $19.78 during December, and January.
When referring to the price in Monmouth Junction (cities), this has fallen considerably in the last 6 months. The average price for August is $2,101. During September the price had a slight fall till $1,886. During the following two months (October, November) the average price fell 88 % 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 88 %, going from $1,871.75 to $1,638 in December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,515 they are 2 % more expensive than the average price for Monmouth Junction. Following this ranking we find those properties with 3 at an average price of $1,559. The properties with the highest average price have 2 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,559.
According to average price per property type in Monmouth Junction, "" priced at $1,559 is 3 % more expensive than the average price ($1,515) in this city.