The rent prices in real estate in Oaklyn, 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 Oaklyn has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.58. In December this price barely changed remaining at $1.6 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from $1.59 to $1.73 per sq.feet. The price per sq.feet has had a considerable rise of 138 % 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 $1.66 to $2.3 during March, and April.
When referring to the price in Oaklyn (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,113. During December the price went through a considerable rise reaching $1,822. During the following two months (January, February) the average price fell 93 % 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 107 % 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 $1,640 they are 38 % more affordable than the average price for Oaklyn . The properties with the highest average price have 3 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,535.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % more expensive than the average price of ($2.65 / sq.feet) in Oaklyn. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7 % more expensive than the average value aforementioned.
According to average price per property type in Oaklyn, "" priced at $1,014 is 38 % lower than the average price ($1,640) in this city.