The rent prices in real estate in Somers Point, 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 Somers Point has risen strongly during the last 6 months. In November, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1.44. The price for the following two months in (January, February) had a considerable rise of 208 %. The price per sq.feet has had a considerable rise of 129 % 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 $1.11 to $1.43 during March, and April.
When referring to the price in Somers Point (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,054. During December the price went through a considerable rise reaching $1,957. During the following two months (January, February) the price has had an average rise from $1,505.5 to $1,626. 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 $1,565.75 and $1,549.5 between March and April.
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 $1,981 they are 50 % more affordable than the average price for Somers Point . The properties with the lowest average price have 2 bedrooms, Their price is 44 % more affordable than the average. After that we have properties with 1 bedroom priced at $993.
According to average price per property type in Somers Point, "" priced at $1,105 is 44 % lower than the average price ($1,981) in this city.