The rent prices in real estate in Wildwood, 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 Wildwood has had a strong fall during the last 6 months. In September, the average price per sq.feet was $3.5. In the following month the price per sq.feet fell to $3.2. In the following two months the price per sq.feet has practically remained the same, going from $3.35 to $3.41 per sq.feet. The price per sq.feet has had a considerable fall of 16 % 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 $3.38 to $0.55 during January, and February.
When referring to the price in Wildwood (cities), this has fallen in the last 6 months. The average price for September is $2,250. During October the price had a considerable fall till $1,883. During the following two months (November, December) the price has had an average rise from $2,066.5 to $2,221.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $2,144 to $1,839 in January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,188 they are 61 % more affordable than the average price for Wildwood . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,404.
According to average price per property type in Wildwood, "" priced at $4,859 is 122 % more expensive than the average price ($2,188) in this city.