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 December, the average price per sq.feet was $2.67. In the following month the price per sq.feet fell to $2.52. The price for the following two months in (February, March) had a considerable rise of 271 %. The price per sq.feet has had a considerable fall of 59 % 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 $4.81 to $2.86 during April, and May.
When referring to the price in Montclair (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $2,071. In January This price remains at $2,104. During the following two months (February, March) the price has had an average rise from $2,087.5 to $2,212.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $2,268 they are 8 % more affordable than the average price for Montclair . The properties with the highest average price have 4 bedrooms, Their price is 98 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,611.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.36 / sq.feet, with an average $2.81 / sq.feet price in Montclair. The properties with the most expensive average prices have 4 bedrooms. They are 3459 % more expensive than the average followed by properties with 1 bedroom with a price at $3.03 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,268 it is 0 % more affordable than the average price in Montclair. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $2,397 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2 / sq.feet followed by "Condo" priced at $331 / sq.feet. "Townhouse" is the most expensive type of property with a $738 / sq.feet value followed by "Condo" with an average price of $331 / sq.feet.
