The rent prices in real estate in Union City, 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 City has risen strongly during the last 6 months. In April, the average price per sq.feet was $2.53. In the following month the price per sq.feet fell considerably to $2.13. The price for the following two months in (June, July) had a considerable rise of 834 %. The price per sq.feet has had a considerable fall of 34 % 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 $10.89 to $3.65 during August, and September.
When referring to the price in Union City (cities), this has fallen in the last 6 months. The average price for April is $2,343. During May the price had a considerable fall till $1,863. During the following two months (June, July) the price has had an average rise from $2,103 to $2,270. 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 $2,186.5 and $2,205 between August and September.
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 $2,301 they are 16 % more affordable than the average price for Union City . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,648.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.03 / sq.feet, with an average $2.41 / sq.feet price in Union City. The properties with the most expensive average prices have 4 bedrooms. They are 3095 % more expensive than the average followed by properties with 1 bedroom with a price at $2.64 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,301 it is 19 % more affordable than the average price in Union City. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,965 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $12 / sq.feet followed by "Townhouse" priced at $57 / sq.feet. "Townhouse" is the most expensive type of property with a $57 / sq.feet value followed by "House" with an average price of $12 / sq.feet.