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 November, the average price per sq.feet was $1.89. In December this price barely changed remaining at $1.89 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.89 to $2.03 per sq.feet. The price per sq.feet has had a considerable rise of 989 % 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 $1.96 to $19.39 during March, and April.
When referring to the price in South River (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,556. In December This price remains at $1,583. In the following two months the average price has hardly changed with regard to the previous two months from $1,569.5 to $1,524. 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 $1,546.75 and $1,529.5 between March and April.
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 $1,548 they are 23 % 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 $1,195.
With regard to the average prices per sq.feet those properties with 1 bedroom are 94 % more affordable than the average price of ($2.03 / sq.feet) in South River. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 94 % more affordable 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 $1,548 it is 23 % 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 $1,195 it is 1 % 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 $45 / sq.feet. "Condo" at an average price of $45 / sq.feet has the highest price and would be directed at more affluent cities.