Property prices for rent in Raritan (New Jersey)
The rent prices in real estate in Raritan, 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 Raritan has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.17. In November this price barely changed remaining at $2.23 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $2.2 to $2.44 per sq.feet. The price per sq.feet has had a considerable rise of 121 % 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 $2.32 to $2.81 during February, and March.
When referring to the price in Raritan (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,594. In November This price remains at $2,580. In the following two months the average price has hardly changed with regard to the previous two months from $2,587 to $2,587. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,587 and $2,514.5 between February and March.
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 $2,610 they are 20 % more affordable than the average price for Raritan . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,740.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $3.01 / sq.feet, with an average $2.74 / sq.feet price in Raritan. The properties with the most expensive average prices have 2 bedrooms. They are 3628 % more expensive than the average followed by properties with 1 bedroom with a price at $3.01 / sq.feet.
According to average price per property type in Raritan, "" priced at $2,076 is 20 % lower than the average price ($2,610) in this city.
