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 April, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.96. The price for the following two months in (June, July) had a considerable rise of 3140 %. The price per sq.feet has had a considerable fall of 71 % 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 $23.98 to $17.08 during August, and September.
When referring to the price in South River (cities), this has fallen in the last 6 months. The average price for April is $1,723. During May the price had a considerable fall till $1,431. In the following two months the average price has hardly changed with regard to the previous two months from $1,577 to $1,599.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,588.25 to $1,487 in August and September.
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 $1,458 they are 17 % more affordable than the average price for South River . The properties with the lowest average price have 1 bedroom, Their price is 17 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,209.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,458 it is 17 % 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 $1,209 it is 9 % 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 $52 / sq.feet. "Condo" at an average price of $52 / sq.feet has the highest price and would be directed at more affluent cities.