The rent prices in real estate in Paterson, 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 Paterson has risen strongly during the last 6 months. In August, the average price per sq.feet was $2.09. In the following month the price per sq.feet fell to $1.94. In the following two months the price per sq.feet has risen 109 %, going from $2.02 to $2.19 per sq.feet. The price per sq.feet has had a considerable rise of 162 % 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 $2.1 to $3.41 during December, and January.
When referring to the price in Paterson (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $1,591. In September This price remains at $1,590. During the following two months (October, November) the price has had an average rise from $1,590.5 to $1,782.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,762 they are 26 % more affordable than the average price for Paterson . The properties with the lowest average price have 3 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,542.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.88 / sq.feet, with an average $2.22 / sq.feet price in Paterson. The properties with the most expensive average prices have 3 bedrooms. They are 666 % more expensive than the average followed by properties with 2 bedrooms with a price at $8.8 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,762 it is 26 % more affordable than the average price in Paterson. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,296 it is 8 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Townhouse with an average cost of $1 / sq.feet. "Townhouse" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.