The rent prices in real estate in Runnemede, 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 Runnemede has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.73. In the following month the price per sq.feet fell to $1.57. The price for the following two months in (May, June) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has had a considerable fall of 54 % 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 $1.44 to $0.77 during July, and August.
When referring to the price in Runnemede (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,301. In April This price remains at $1,249. During the following two months (May, June) the price has had an average rise from $1,275 to $1,464. 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 $1,369.5 and $1,305.5 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,377 they are 26 % more affordable than the average price for Runnemede . The properties with the lowest average price have 2 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,129.
According to average price per property type in Runnemede, "" priced at $1,021 is 26 % lower than the average price ($1,377) in this city.