The rent prices in real estate in Ocean View, 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 View has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.36. In the following month the price per sq.feet rose considerably to $3.82. In the following two months the price per sq.feet has practically remained the same, going from $2.59 to $2.67 per sq.feet. The price per sq.feet has had a considerable fall of 39 % 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 $2.63 to $1.02 during July, and August.
When referring to the price in Ocean View (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during March, is $2,203. During April the price went through a considerable rise reaching $3,063. During the following two months (May, June) the average price fell 86 % 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 $2,446.5 to $1,786, which means a 73 % fall.
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 $1,372 they are 19 % more affordable than the average price for Ocean View . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,258.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.85 / sq.feet, with an average $1.05 / sq.feet price in Ocean View. The properties with the most expensive average prices have 1 bedroom. They are 195 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.08 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,372 it is 11 % more expensive than the average price in Ocean View. "Condo" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "House". At a price of $1,524 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.02 / sq.feet followed by "Condo" priced at $5.68 / sq.feet. "Condo" is the most expensive type of property with a $5.68 / sq.feet value followed by "House" with an average price of $1.02 / sq.feet.