The rent prices in real estate in Passaic, 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 Passaic has risen strongly during the last 6 months. In April, the average price per sq.feet was $2.81. In the following month the price per sq.feet rose considerably to $817. The price for the following two months in (June, July) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 16 % 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 $228.31 to $36 during August, and September.
When referring to the price in Passaic (cities), this has fallen in the last 6 months. The average price during our first sample month during April, is $1,481. During May the price went through a considerable rise reaching $1,813. During the following two months (June, July) the average price fell 95 % 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 $1,602.25 to $826.5, which means a 52 % fall.