The rent prices in real estate in Phillipsburg, 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 Phillipsburg has risen during the last 6 months. In November, the average price per sq.feet was $2.07. In the following month the price per sq.feet rose to $2.22. In the following two months the price per sq.feet has practically remained the same, going from $2.14 to $2.21 per sq.feet. The price per sq.feet has risen 108 % 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 $2.18 to $2.36 during March, and April.
When referring to the price in Phillipsburg (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,810. In December This price remains at $1,780. In the following two months the average price has hardly changed with regard to the previous two months from $1,795 to $1,771.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,783.25 to $1,592 in March and April.
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 $1,604 they are 29 % more affordable than the average price for Phillipsburg . The properties with the highest average price have 3 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,691.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.98 / sq.feet, with an average $2.3 / sq.feet price in Phillipsburg. The properties with the most expensive average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.98 / sq.feet.
According to average price per property type in Phillipsburg, "" priced at $1,137 is 29 % lower than the average price ($1,604) in this city.