Property prices for rent in Pennington (New Jersey)

The rent prices in real estate in Pennington, 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.

$2,602
Average price last 6 months
$30.08
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Pennington has risen strongly during the last 6 months. In February, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $89. In the following two months the price per sq.feet has practically remained the same, going from $45 to $44.5 per sq.feet. The price per sq.feet has had a considerable fall of 2 % 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 $44.75 to $0.75 during June, and July.

Average price

When referring to the price in Pennington (cities), this has risen considerably in the last 6 months. The rent price in February is $2,297, rising in March till $2,528. In the following two months the average price has hardly changed with regard to the previous two months from $2,412.5 to $2,411. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 124 % during the last two months.

Average price per bedrooms

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 $3,671 they are 32 % more affordable than the average price for Pennington . The properties with the lowest average price have 1 bedroom, Their price is 32 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,495.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $78 / sq.feet, with an average $1.5 / sq.feet price in Pennington. The properties with the most expensive average prices have 1 bedroom. They are 5167 % more expensive than the average followed by properties with 2 bedrooms with a price at $78 / sq.feet.

Price per property type

With regard to the average price based upon the property in Pennington we can see that the most affordable property type is "House" at a price of $2,495, they are 32 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 32 % more affordable than the average price aforementioned.

According to the average area price by sq.feet the most expensive property type is "House with an average cost of $78 / sq.feet. "House" at an average price of $78 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Pennington
Number of properties used in region New Jersey
$3,671
$1.5
42
66,754
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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