The rent prices in real estate in Ocean City, in the New Jersey region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Ocean City has barely changed in the last 6 months. In June, the average price per sq.feet was $2.77. In the following month the price per sq.feet fell considerably to $2.06. The price for the following two months in (August, September) had a considerable rise of 140 %. The price per sq.feet has fallen 89 % 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 $2.89 to $2.56 during October, and November.
When referring to the price in Ocean City (cities), this has risen in the last 6 months. In our first sample month during June, the average price is $3,157. In July This price remains at $3,105. During the following two months (August, September) the average price had a considerable rise of 115 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,367.5 and $3,408.5 between October and November.
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 $3,422 they are 64 % more affordable than the average price for Ocean City . The properties with the highest average price have 2 bedrooms, Their price is 188 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,286.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.94 / sq.feet, with an average $2.45 / sq.feet price in Ocean City. The properties with the most expensive average prices have 2 bedrooms. They are 321 % more expensive than the average followed by properties with 1 bedroom with a price at $2.94 / sq.feet.
According to average price per property type in Ocean City, "" priced at $1,218 is 64 % lower than the average price ($3,422) in this city.