The rent prices in real estate in Scotch Plains, 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 Scotch Plains has risen strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1. The price for the following two months in (March, April) had a considerable rise of 200 %. The price per sq.feet has had a considerable rise of 24077 % 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 $0.75 to $180.58 during May, and June.
When referring to the price in Scotch Plains (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching $1,808. During the following two months (March, April) the average price had a considerable rise of 200 % 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 160 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,331 they are 26 % more affordable than the average price for Scotch Plains . The properties with the lowest average price have 1 bedroom, Their price is 23 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,736.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,331 it is 26 % more affordable than the average price in Scotch Plains. "Office" is seen as the second most affordable property type. The most affordable property is "Office" followed by "". At a price of $1,736 it is 6 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Office with an average cost of $248 / sq.feet. "Office" at an average price of $248 / sq.feet has the highest price and would be directed at more affluent cities.