The rent prices in real estate in South Orange, 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 South Orange has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.54. In the following month the price per sq.feet fell to $2.37. The price for the following two months in (December, January) had a considerable rise of 1638 %. The price per sq.feet has had a considerable fall of 53 % 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 $21.33 to $11.35 during February, and March.
When referring to the price in South Orange (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,806. During November the price had a slight fall till $1,628. During the following two months (December, January) the average price had a considerable rise of 115 % with regard to the previous two months. 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 $1,849.75 and $1,863.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,767 they are 1 % more expensive than the average price for South Orange. Following this ranking we find those properties with 2 at an average price of $2,113. The properties with the highest average price have 2 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,788.
With regard to the average prices per sq.feet those properties with 1 bedroom are 804 % more expensive than the average price of ($24.24 / sq.feet) in South Orange. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 804 % more expensive than the average value aforementioned.
According to average price per property type in South Orange, "" priced at $2,113 is 20 % more expensive than the average price ($1,767) in this city.