Property prices for rent in Pennsville (New Jersey)
The rent prices in real estate in Pennsville, 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 Pennsville has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.99. In the following month the price per sq.feet rose considerably to $1.54. The price for the following two months in (December, January) had a considerable rise of 115 %. The price per sq.feet has risen 112 % 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 $1.36 to $1.52 during February, and March.
When referring to the price in Pennsville (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,700. During November the price had a slight fall till $1,608. In the following two months the average price has hardly changed with regard to the previous two months from $1,654 to $1,616. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,663 they are 42 % more affordable than the average price for Pennsville . The properties with the lowest average price have 2 bedrooms, Their price is 5 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,326.
According to average price per property type in Pennsville, "" priced at $969 is 42 % lower than the average price ($1,663) in this city.
