The rent prices in real estate in South River, 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 River has risen strongly during the last 6 months. In June, the average price per sq.feet was $1. In July this price barely changed remaining at $1 per sq.feet. The price for the following two months in (August, September) had a considerable rise of 145 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.22 to $1.17 during October y November
When referring to the price in South River (cities), this has risen considerably in the last 6 months. In our first sample month during June, the average price is $1,247. In July This price remains at $1,247. During the following two months (August, September) the average price had a considerable rise of 167 % 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 93 %, going from $1,663 to $1,540 in October and November.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,355 they are 9 % more affordable than the average price for South River . The properties with the lowest average price have 1 bedroom, Their price is 9 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,229.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,355 it is 9 % more affordable than the average price in South River. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,229 it is 18 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $62 / sq.feet. "Condo" at an average price of $62 / sq.feet has the highest price and would be directed at more affluent cities.