The rent prices in real estate in Sparta, 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 Sparta has risen strongly during the last 6 months. In May, the average price per sq.feet was $21.17. In the following month the price per sq.feet rose considerably to $889.07. The price for the following two months in (July, August) had a considerable rise of 172 %. The price per sq.feet has had a considerable fall of 8 % 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 $619.52 to $49.47 during September, and October.
When referring to the price in Sparta (cities), this has fallen considerably in the last 6 months. The average price for May is $2,600. During June the price had a considerable fall till $2,085. During the following two months (July, August) the average price fell 87 % 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 $2,186.25 and $2,138.5 between September and October.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 47 % more expensive than the average price of $2,810 in Sparta. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 47 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 60 % more affordable than the average price of ($15 / sq.feet) in Sparta. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 60 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Office" as the most expensive one. At an cost of $1,917 it is 46 % more expensive than the average price in Sparta. "House" is seen as the second most expensive property type. The most expensive property type is "Commercial" followed by "House". At a price of $2,810 it is 182 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $6 / sq.feet followed by "House" priced at $15 / sq.feet. "Commercial" is the most expensive type of property with a $40 / sq.feet value followed by "House" with an average price of $15 / sq.feet.