The rent prices in real estate in Trenton, 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 Trenton has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.53. In December this price barely changed remaining at $1.52 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 795 %. The price per sq.feet has had a considerable fall of 21 % 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 $6.82 to $1.47 during March, and April.
When referring to the price in Trenton (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,667. In December This price remains at $1,628. In the following two months the average price has hardly changed with regard to the previous two months from $1,647.5 to $1,722.5. 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 $1,685 and $1,624.5 between March and April.
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 $1,586 they are 21 % more affordable than the average price for Trenton . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,838.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.43 / sq.feet price in Trenton. The properties with the most expensive average prices have 1 bedroom. They are 1148 % more expensive than the average followed by properties with 2 bedrooms with a price at $10.2 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,586 it is 45 % more affordable than the average price in Trenton. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,510 it is 14 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.