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 March, the average price per sq.feet was $2.11. In the following month the price per sq.feet rose considerably to $36.66. The price for the following two months in (May, June) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 13 % 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 $18.24 to $2.4 during July, and August.
When referring to the price in South River (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $1,511. In April This price remains at $1,548. During the following two months (May, June) the price has had an average rise from $1,529.5 to $1,640.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 129 % during the last two months.
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 $1,990 they are 40 % more affordable than the average price for South River . The properties with the lowest average price have 1 bedroom, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,187.
With regard to the average prices per sq.feet those properties with 1 bedroom are 9 % more expensive than the average price of ($2.65 / sq.feet) in South River. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 9 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,990 it is 40 % more affordable than the average price in South River. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $1,187 it is 21 % more affordable 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 $41 / sq.feet. "Condo" at an average price of $41 / sq.feet has the highest price and would be directed at more affluent cities.