The rent prices in real estate in Whiting, 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 Whiting has had a strong fall during the last 6 months. In September, the average price per sq.feet was $42.47. In the following month the price per sq.feet fell considerably to $28.46. The price for the following two months in (November, December) had a considerable fall of 3 with regard to the previous two months. The price per sq.feet has had a considerable fall of 6 % 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 $18.29 to $1.03 during January, and February.
When referring to the price in Whiting (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,148. In October This price remains at $1,203. In the following two months the average price has hardly changed with regard to the previous two months from $1,175.5 to $1,154. 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 $1,164.75 and $1,151 between January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,148 they are 15 % more affordable than the average price for Whiting . The properties with the lowest average price have 1 bedroom, Their price is 15 % more affordable than the average. After that we have properties with 3 bedrooms priced at $973.
According to average price per property type in Whiting, "" priced at $973 is 15 % lower than the average price ($1,148) in this city.