The rent prices in real estate in Union, 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 Union has risen strongly during the last 6 months. In January, the average price per sq.feet was $2.23. In the following month the price per sq.feet rose to $2.5. In the following two months the price per sq.feet has risen 106 %, going from $2.37 to $2.5 per sq.feet. The price per sq.feet has had a considerable rise of 458 % 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 $2.43 to $11.15 during May, and June.
When referring to the price in Union (cities), this has fallen in the last 6 months. The average price for January is $2,531. During February the price had a considerable fall till $2,120. During the following two months (March, April) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.
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 $2,328 they are 12 % more affordable than the average price for Union . The properties with the highest average price have 3 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,502.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.22 / sq.feet, with an average $19.77 / sq.feet price in Union. The properties with the most expensive average prices have 3 bedrooms. They are 687 % more expensive than the average followed by properties with 1 bedroom with a price at $14.17 / sq.feet.
According to average price per property type in Union, "" priced at $2,383 is 2 % more expensive than the average price ($2,328) in this city.