Property prices for rent in Vernon (New Jersey)
The rent prices in real estate in Vernon, 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 Vernon has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.84. In the following month the price per sq.feet rose to $1.99. In the following two months the price per sq.feet has risen 106 %, going from $1.91 to $2.03 per sq.feet. The price per sq.feet has had a considerable rise of 3685 % 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 $1.97 to $72.59 during February, and March.
When referring to the price in Vernon (cities), this has fallen in the last 6 months. The average price for October is $2,525. During November the price had a slight fall till $2,150. In the following two months the average price has hardly changed with regard to the previous two months from $2,337.5 to $2,278.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $2,677 they are 40 % more affordable than the average price for Vernon . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,991.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 744 % more expensive than the average price of ($875 / sq.feet) in Vernon. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 744 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,677 it is 14 % more affordable than the average price in Vernon. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $2,310 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "House" priced at $189 / sq.feet. "House" is the most expensive type of property with a $189 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.
