The rent prices in real estate in Whippany, 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 Whippany has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.11. In the following month the price per sq.feet fell considerably to $3.44. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 $3.44 to $2.72 during February, and March.
When referring to the price in Whippany (cities), there have hardly been any changes in the last 6 months. The average price for October is $4,051. During November the price had a slight fall till $3,786. In the following two months the average price has hardly changed with regard to the previous two months from $3,918.5 to $3,918. 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 $3,918.25 and $3,851.5 between February and March.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 16 % more affordable than the average price of $3,197 in Whippany. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 7 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 4 % more affordable than the average price of ($2.57 / sq.feet) in Whippany. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 17 % more expensive than the average value aforementioned.