Property prices for rent in Pennington (New Jersey)
The rent prices in real estate in Pennington, in the New Jersey region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Pennington has risen during the last 6 months. In October, the average price per sq.feet was $2.06. In the following month the price per sq.feet rose to $2.19. In the following two months the price per sq.feet has practically remained the same, going from $2.12 to $2.21 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 $2.17 to $2.14 during February y March
When referring to the price in Pennington (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $3,532. In November This price remains at $3,394. In the following two months the average price has hardly changed with regard to the previous two months from $3,463 to $3,354.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $3,408.75 to $3,181 in February and March.
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 $3,279 they are 34 % more affordable than the average price for Pennington . The properties with the highest average price have 3 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,083.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.77 / sq.feet, with an average $2.23 / sq.feet price in Pennington. The properties with the most expensive average prices have 4 bedrooms. They are 1873 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $3,279 it is 27 % more affordable than the average price in Pennington. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $2,378 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $39 / sq.feet followed by "House" priced at $44 / sq.feet. "House" is the most expensive type of property with a $44 / sq.feet value followed by "Land" with an average price of $39 / sq.feet.
