Property prices for rent in Montclair (New Jersey)
The rent prices in real estate in Montclair, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Montclair has fallen during the last 6 months. In October, the average price per sq.feet was $4.37. In November this price barely changed remaining at $4.37 per sq.feet. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $4.06 to $3.67 during February, and March.
When referring to the price in Montclair (cities), there have hardly been any changes in the last 6 months. The rent price in October is $3,120, rising in November till $3,289. In the following two months the average price has hardly changed with regard to the previous two months from $3,204.5 to $3,091.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $3,148 to $2,952 in February and March.
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 $2,849 they are 27 % more affordable than the average price for Montclair . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,365.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.41 / sq.feet, with an average $3.6 / sq.feet price in Montclair. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at $3.98 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,849 it is 21 % more affordable than the average price in Montclair. "" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $3,086 it is 80 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $2 / sq.feet followed by "Apartment" priced at $3.18 / sq.feet. "Condo" is the most expensive type of property with a $5.48 / sq.feet value followed by "House" with an average price of $3.21 / sq.feet.
