The rent prices in real estate in Wayne, 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 Wayne has risen during the last 6 months. In October, the average price per sq.feet was $3.53. In the following month the price per sq.feet rose to $3.71. In the following two months the price per sq.feet has practically remained the same, going from $3.62 to $3.7 per sq.feet. The price per sq.feet has risen 107 % 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 $3.66 to $3.9 during February, and March.
When referring to the price in Wayne (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,764. In November This price remains at $2,901. In the following two months the average price has hardly changed with regard to the previous two months from $2,832.5 to $2,874.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,853.5 to $2,417, which means a 85 % fall.
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 $2,388 they are 13 % more affordable than the average price for Wayne . The properties with the highest average price have 4 bedrooms, Their price is 106 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,738.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.83 / sq.feet, with an average $3.97 / sq.feet price in Wayne. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.23 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,388 it is 18 % more affordable than the average price in Wayne. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,771 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $2 / sq.feet followed by "House" priced at $3 / sq.feet. "House" is the most affordable type of property with a $3 / sq.feet value followed by "Land" with an average price of $2 / sq.feet.