Property prices for rent in Short Hills (New Jersey)
The rent prices in real estate in Short Hills, 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 Short Hills has risen strongly during the last 6 months. In February, the average price per sq.feet was $2.41. In the following month the price per sq.feet rose considerably to $84. The price for the following two months in (April, May) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 10 % 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 $22.93 to $2.24 during June, and July.
When referring to the price in Short Hills (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $5,500. In March This price remains at $5,310. During the following two months (April, May) the average price had a considerable fall of 74 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $4,693.5 to $4,322.5 in June and July.
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 $4,874 they are 55 % more affordable than the average price for Short Hills . The properties with the lowest average price have 2 bedrooms, Their price is 33 % more affordable than the average. After that we have properties with 3 bedrooms priced at $3,044.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.2 / sq.feet, with an average $2.48 / sq.feet price in Short Hills. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.2 / sq.feet.
According to average price per property type in Short Hills, "" priced at $3,044 is 38 % lower than the average price ($4,874) in this city.
