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.