The rent prices in real estate in River Edge, 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 River Edge has had a strong fall during the last 6 months. In October, the average price per sq.feet was $7. In the following month the price per sq.feet fell considerably to $2.74. The price for the following two months in (December, January) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has had a considerable fall of 74 % 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 $3.81 to $2.84 during February, and March.
When referring to the price in River Edge (cities), this has risen in the last 6 months. The rent price in October is $2,127, rising in November till $2,366. In the following two months the average price has hardly changed with regard to the previous two months from $2,246.5 to $2,331. 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 $2,288.75 and $2,393 between February and March.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 27 % more affordable than the average price of $1,779 in River Edge. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 16 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 13 % more affordable than the average price of ($2.53 / sq.feet) in River Edge. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1 % more expensive than the average value aforementioned.