The rent prices in real estate in Trenton, in the New Jersey region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Trenton has risen during the last 6 months. In May, the average price per sq.feet was $4.89. In the following month the price per sq.feet rose considerably to $10.96. The price for the following two months in (July, August) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $7.09 to $1.4 during September, and October.
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 May, the average price is $1,460. In June This price remains at $1,401. In the following two months the average price has hardly changed with regard to the previous two months from $1,430.5 to $1,459.5. 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 $1,445 and $1,507.5 between September and October.
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 $1,488 they are 6 % more affordable than the average price for Trenton . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,666.
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 $1.41 / sq.feet price in Trenton. The properties with the most expensive average prices have 3 bedrooms. They are 274 % more expensive than the average followed by properties with 1 bedroom with a price at $1.69 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,488 it is 40 % more affordable than the average price in Trenton. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $1,686 it is 518 % 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 $1 / sq.feet followed by "House" priced at $1.17 / sq.feet. "Apartment" is the most expensive type of property with a $1.6 / sq.feet value followed by "Condo" with an average price of $1.36 / sq.feet.