The rent prices in real estate in Pitman, 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 Pitman has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.42. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (April, May) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable rise of 235 % 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 $1.11 to $2.6 during June, and July.
When referring to the price in Pitman (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $1,091. During March the price went through a considerable rise reaching $1,264. In the following two months the average price has hardly changed with regard to the previous two months from $1,177.5 to $1,137. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % during the last two months.
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 $1,250 they are 21 % more affordable than the average price for Pitman . The properties with the highest average price have 2 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 1 bedroom priced at $982.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 554 % more expensive than the average price of ($34 / sq.feet) in Pitman. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 554 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,250 it is 14 % more affordable than the average price in Pitman. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "". At a price of $1,078 it is 21 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $34 / sq.feet. "Apartment" at an average price of $34 / sq.feet has the highest price and would be directed at more affluent cities.