The rent prices in real estate in Nutley, 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 Nutley has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.79. In the following month the price per sq.feet fell considerably to $1.48. The price for the following two months in (October, November) had a considerable rise of 159 %. The price per sq.feet has had a considerable rise of 145 % 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 $2.12 to $3.08 during December, and January.
When referring to the price in Nutley (cities), this has fallen in the last 6 months. The average price during our first sample month during August, is $2,302. During September the price went through a considerable rise reaching $2,959. During the following two months (October, November) the average price had a considerable fall of 80 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,361 to $1,535, which means a 65 % fall.
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 $1,522 they are 5 % more affordable than the average price for Nutley . The properties with the highest average price have 2 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,444.
With regard to the average prices per sq.feet those properties with 1 bedroom are 35 % more affordable than the average price of ($2 / sq.feet) in Nutley. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 35 % more affordable than the average value aforementioned.
According to average price per property type in Nutley, "" priced at $1,778 is 17 % more expensive than the average price ($1,522) in this city.