The rent prices in real estate in Wharton, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Wharton has had a strong fall during the last 6 months. In July, the average price per sq.feet was $700.8. In the following month the price per sq.feet fell considerably to $565.98. The price for the following two months in (September, October) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $336.55 to $55.69 during November, and December.
When referring to the price in Wharton (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $2,094. In August This price remains at $2,066. In the following two months the average price has hardly changed with regard to the previous two months from $2,080 to $2,028. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,054 and $2,018 between November and December.
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 $1,996 they are 4 % more affordable than the average price for Wharton . The properties with the highest average price have 3 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,299.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.88 / sq.feet, with an average $60.49 / sq.feet price in Wharton. The properties with the most expensive average prices have 1 bedroom. They are 241 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.88 / sq.feet.
According to average price per property type in Wharton, "" priced at $1,934 is 3 % lower than the average price ($1,996) in this city.