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.
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.
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.
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.
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.