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 October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $2. The price for the following two months in (December, January) had a considerable rise of 1200 %. 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 $6.5 to $3.5 during February, and March.
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 October, is . During November the price went through a considerable rise reaching $2,107. During the following two months (December, January) the average price had a considerable rise of 181 % 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 139 % 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 $2,104 they are 23 % more affordable than the average price for Scotch Plains . The properties with the lowest average price have 2 bedrooms, Their price is 15 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,620.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 900 % more expensive than the average price of ($10 / sq.feet) in Scotch Plains. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 900 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,104 it is 15 % more affordable than the average price in Scotch Plains. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of $1,788 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $10 / sq.feet followed by "Office" priced at $274 / sq.feet. "Office" is the most expensive type of property with a $274 / sq.feet value followed by "House" with an average price of $10 / sq.feet.