Property prices for rent in Montclair (New Jersey)
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.
