The rent prices in real estate in West Orange, in the New Jersey region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in West Orange has barely changed in the last 6 months. In September, the average price per sq.feet was $2.09. In October this price barely changed remaining at $2.16 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.12 to $2.05 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 $2.09 to $2.23 during January, and February.
When referring to the price in West Orange (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $2,821. In October This price remains at $2,870. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,738.5 to $2,187, which means a 80 % 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 $2,326 they are 43 % more affordable than the average price for West Orange . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,626.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.85 / sq.feet, with an average $2.28 / sq.feet price in West Orange. The properties with the most expensive average prices have 3 bedrooms. They are 3804 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.16 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,326 it is 4 % more affordable than the average price in West Orange. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $2,240 it is 49 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.