The rent prices in real estate in Montvale, 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 Montvale has fallen during the last 6 months. In October, the average price per sq.feet was $2.72. In November this price barely changed remaining at $2.72 per sq.feet. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $2.64 to $2.18 during February, and March.
When referring to the price in Montvale (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $14,742. In November This price remains at $14,742. During the following two months (December, January) the price has had an average rise from $14,742 to $16,331. During the last two months the average price has fallen greatly compared to the previous four going from $15,536.5 to $9,040, which means a 58 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,368 they are 32 % more affordable than the average price for Montvale . The properties with the highest average price have 2 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,058.
According to average price per property type in Montvale, "" priced at $1,601 is 32 % lower than the average price ($2,368) in this city.