Property prices for rent in Passaic (New Jersey)
The rent prices in real estate in Passaic, 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 Passaic has fallen during the last 6 months. In November, the average price per sq.feet was $3.67. In the following month the price per sq.feet fell to $3.36. In the following two months the price per sq.feet has practically remained the same, going from $3.52 to $3.36 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.44 to $3.32 during March y April
When referring to the price in Passaic (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,380. In December This price remains at $2,389. In the following two months the average price has hardly changed with regard to the previous two months from $2,384.5 to $2,275.5. 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 $2,330 and $2,276.5 between March and April.
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 $2,256 they are 18 % more affordable than the average price for Passaic . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,917.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.16 / sq.feet price in Passaic. The properties with the most expensive average prices have 2 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $3.25 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,256 it is 41 % more affordable than the average price in Passaic. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,025 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "House" is the most affordable type of property with a $3 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.
