The rent prices in real estate in Secaucus, 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 Secaucus has had a strong fall during the last 6 months. In July, the average price per sq.feet was $26.49. In the following month the price per sq.feet fell considerably to $2.16. The price for the following two months in (September, October) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable fall of 32 % 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 $8.3 to $2.63 during November, and December.
When referring to the price in Secaucus (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,261. In August This price remains at $2,190. In the following two months the average price has hardly changed with regard to the previous two months from $2,225.5 to $2,257.5. 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 $2,241.5 and $2,233 between November and December.
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 $2,252 they are 2 % more affordable than the average price for Secaucus . The properties with the highest average price have 2 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,390.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.32 / sq.feet, with an average $2.64 / sq.feet price in Secaucus. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.32 / sq.feet.
According to average price per property type in Secaucus, "" priced at $2,324 is 3 % more expensive than the average price ($2,252) in this city.