The rent prices in real estate in Morris Plains, 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 Morris Plains has risen strongly during the last 6 months. In January, the average price per sq.feet was $2.03. In February this price barely changed remaining at $1.97 per sq.feet. The price for the following two months in (March, April) had a considerable rise of 1075 %. The price per sq.feet has had a considerable fall of 13 % 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 $11.75 to $1.48 during May, and June.
When referring to the price in Morris Plains (cities), this has fallen in the last 6 months. In our first sample month during January, the average price is $2,833. In February This price remains at $2,700. During the following two months (March, April) the average price had a considerable fall of 81 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,457 they are 3 % more affordable than the average price for Morris Plains . The properties with the highest average price have 1 bedroom, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,794.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $105 / sq.feet, with an average $1 / sq.feet price in Morris Plains. The properties with the most expensive average prices have 3 bedrooms. They are 16300 % more expensive than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
According to average price per property type in Morris Plains, "" priced at $2,381 is 3 % lower than the average price ($2,457) in this city.