The rent prices in real estate in West Long Branch, 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 West Long Branch has risen strongly during the last 6 months. In January, the average price per sq.feet was $2.36. In February this price barely changed remaining at $2.46 per sq.feet. The price for the following two months in (March, April) had a considerable rise of 118 %. 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 $2.63 to $2.81 during May, and June.
When referring to the price in West Long Branch (cities), this has risen considerably in the last 6 months. The rent price in January is $2,634, rising in February till $3,006. During the following two months (March, April) the average price had a considerable rise of 145 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $3,457.5 to $3,279 in May and June.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $3,276 they are 30 % more affordable than the average price for West Long Branch . The properties with the highest average price have 2 bedrooms, Their price is 2 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,317.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.54 / sq.feet, with an average $2.91 / sq.feet price in West Long Branch. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.58 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $3,276 it is 40 % more affordable than the average price in West Long Branch. "" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "Multi Family House". At a price of $2,415 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $6 / sq.feet followed by "Multi Family House" priced at $38 / sq.feet. "Townhouse" is the most expensive type of property with a $42 / sq.feet value followed by "Multi Family House" with an average price of $38 / sq.feet.