Property prices for rent in West Long Branch (New Jersey)
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 November, the average price per sq.feet was $1.6. In the following month the price per sq.feet rose considerably to $2.25. The price for the following two months in (January, February) had a considerable rise of 301 %. The price per sq.feet has had a considerable rise of 224 % 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 $3.86 to $8.65 during March, and April.
When referring to the price in West Long Branch (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $3,416. During December the price went through a considerable rise reaching $5,038. During the following two months (January, February) the average price had a considerable rise of 290 % 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 had a strong increase of 242 % 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 $18,352 they are 89 % more affordable than the average price for West Long Branch . The properties with the lowest average price have 3 bedrooms, Their price is 49 % more affordable than the average. After that we have properties with 4 bedrooms priced at $8,560.
The graph displaying the average rent prices displays the property type "Multi Family House" as the most affordable one. At an cost of $18,352 it is 87 % more affordable than the average price in West Long Branch. "Townhouse" is seen as the second most affordable property type. The most affordable property is "" followed by "Townhouse". At a price of $2,325 it is 74 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Multi Family House" at an average price of $4 / sq.feet followed by "Townhouse" priced at $8 / sq.feet. "Townhouse" is the most affordable type of property with a $8 / sq.feet value followed by "Multi Family House" with an average price of $4 / sq.feet.
