The rent prices in real estate in Ocean City, 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 Ocean City has risen strongly during the last 6 months. In March, the average price per sq.feet was $1. In April this price barely changed remaining at $1 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 2550 %. The price per sq.feet has had a considerable fall of 6 % 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 $13.25 to $0.77 during July, and August.
When referring to the price in Ocean City (cities), this has fallen considerably in the last 6 months. The rent price in March is $3,125, rising in April till $3,531. During the following two months (May, June) the average price had a considerable fall of 42 % 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 $2,364 and $2,282.5 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,843 they are 46 % more affordable than the average price for Ocean City . The properties with the lowest average price have 1 bedroom, Their price is 2 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,232.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1 / sq.feet, with an average / sq.feet price in Ocean City. The properties with the most expensive average prices have 1 bedroom. They are 2147483647 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Ocean City, "" priced at $1,222 is 34 % lower than the average price ($1,843) in this city.