The rent prices in real estate in West Orange, 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 Orange has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.13. In the following month the price per sq.feet fell considerably to $1.01. The price for the following two months in (December, January) had a considerable rise of 1082 %. The price per sq.feet has had a considerable rise of 365 % 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 $9.28 to $33.89 during February, and March.
When referring to the price in West Orange (cities), this has fallen considerably in the last 6 months. The average price for October is $2,683. During November the price had a considerable fall till $867. During the following two months (December, January) the average price fell 85 % 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 89 %, going from $1,643 to $1,463.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $1,217 they are 27 % more expensive than the average price for West Orange. Following this ranking we find those properties with 3 at an average price of $1,763. The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,921.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $7 / sq.feet, with an average $30.67 / sq.feet price in West Orange. The properties with the most affordable average prices have 2 bedrooms. They are 45 % more affordable than the average followed by properties with 1 bedroom with a price at $7 / sq.feet.
According to average price per property type in West Orange, "" priced at $1,984 is 63 % more expensive than the average price ($1,217) in this city.