The rent prices in real estate in Paramus, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Paramus has fallen during the last 6 months. In October, the average price per sq.feet was $3.26. In the following month the price per sq.feet fell to $3.05. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $2.94 to $2.79 during February, and March.
When referring to the price in Paramus (cities), this has risen considerably in the last 6 months. The average price for October is $3,442. During November the price had a slight fall till $3,206. During the following two months (December, January) the average price had a considerable rise of 118 % 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 had a strong increase of 128 % during the last two months.
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 $4,592 they are 50 % more affordable than the average price for Paramus . The properties with the highest average price have 4 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,323.
With regard to the average prices per sq.feet those properties with 1 bedroom are 65 % more affordable than the average price of ($1 / sq.feet) in Paramus. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 65 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $4,592 it is 58 % more affordable than the average price in Paramus. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of $2,959 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $2 / sq.feet. "Townhouse" is the most expensive type of property with a $87 / sq.feet value followed by "Apartment" with an average price of $2 / sq.feet.