The rent prices in real estate in Rockaway, 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 Rockaway has had a strong fall during the last 6 months. In October, the average price per sq.feet was $391.55. In November this price barely changed remaining at $391.62 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 1 % 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 $197.06 to $1.65 during February, and March.
When referring to the price in Rockaway (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $3,000. In November This price remains at $2,999. During the following two months (December, January) the price has had an average rise from $2,999.5 to $3,313.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $3,533 they are 46 % more affordable than the average price for Rockaway . The properties with the lowest average price have 2 bedrooms, Their price is 43 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,990.
With regard to the average prices per sq.feet those properties with 1 bedroom are 39 % more affordable than the average price of ($1 / sq.feet) in Rockaway. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 39 % more affordable than the average value aforementioned.
According to average price per property type in Rockaway, "" priced at $1,990 is 44 % lower than the average price ($3,533) in this city.