The rent prices in real estate in Toms River, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Toms River has had a strong fall during the last 6 months. In September, the average price per sq.feet was $7.61. In the following month the price per sq.feet fell to $6.55. The price for the following two months in (November, December) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $5.1 to $1.6 during January, and February.
When referring to the price in Toms River (cities), this has fallen considerably in the last 6 months. The average price for September is $8,387. During October the price had a considerable fall till $7,101. During the following two months (November, December) the average price had a considerable fall of 51 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,835.25 to $2,357.5, which means a 40 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,364 they are 43 % more affordable than the average price for Toms River . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,731.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.62 / sq.feet price in Toms River. The properties with the most expensive average prices have 4 bedrooms. They are 36937 % more expensive than the average followed by properties with 3 bedrooms with a price at $41 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,364 it is 15 % more affordable than the average price in Toms River. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,126 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "House" priced at $403 / sq.feet. "House" is the most expensive type of property with a $403 / sq.feet value followed by "Land" with an average price of $1 / sq.feet.