The rent prices in real estate in Montclair, 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 Montclair has risen strongly during the last 6 months. In January, the average price per sq.feet was $2.93. In the following month the price per sq.feet rose to $3.26. In the following two months the price per sq.feet has practically remained the same, going from $3.1 to $3.16 per sq.feet. The price per sq.feet has had a considerable rise of 1180 % 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 $3.13 to $36.89 during May, and June.
When referring to the price in Montclair (cities), there have hardly been any changes in the last 6 months. The rent price in January is $2,308, rising in February till $2,445. In the following two months the average price has hardly changed with regard to the previous two months from $2,376.5 to $2,390. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,383.25 and $2,356 between May and June.
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 $2,345 they are 10 % more affordable than the average price for Montclair . The properties with the highest average price have 2 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,818.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $12.03 / sq.feet, with an average $70.52 / sq.feet price in Montclair. The properties with the most expensive average prices have 1 bedroom. They are 180 % more expensive than the average followed by properties with 3 bedrooms with a price at $132.91 / sq.feet.
According to average price per property type in Montclair, "" priced at $2,430 is 4 % more expensive than the average price ($2,345) in this city.