Property prices for rent in Red Bank (New Jersey)
The rent prices in real estate in Red Bank, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Red Bank has had a strong fall during the last 6 months. In July, the average price per sq.feet was $696.33. In the following month the price per sq.feet fell considerably to $150.48. The price for the following two months in (September, October) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $235.37 to $71.83 during November, and December.
When referring to the price in Red Bank (cities), this has risen considerably in the last 6 months. The rent price in July is $1,332, rising in August till $1,409. During the following two months (September, October) the average price had a considerable rise of 188 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.
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 $2,733 they are 44 % more affordable than the average price for Red Bank . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,793.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.54 / sq.feet, with an average $2.41 / sq.feet price in Red Bank. The properties with the most expensive average prices have 2 bedrooms. They are 6458 % more expensive than the average followed by properties with 1 bedroom with a price at $2.54 / sq.feet.
According to average price per property type in Red Bank, "" priced at $1,543 is 44 % lower than the average price ($2,733) in this city.
