Property prices for rent in Wood Ridge (New Jersey)
The rent prices in real estate in Wood Ridge, in the New Jersey region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Wood Ridge has fallen during the last 6 months. In November, the average price per sq.feet was $1.84. In December this price barely changed remaining at $1.84 per sq.feet. The price for the following two months in (January, February) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $1.71 to $1.58 during March, and April.
When referring to the price in Wood Ridge (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $2,161. In December This price remains at $2,161. During the following two months (January, February) the average price had a considerable fall of 62 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,751.5 to $1,342, which means a 77 % fall.
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 $1,342 they are 48 % more expensive than the average price for Wood Ridge. Following this ranking we find those properties with 4 at an average price of $2,021. The properties with the highest average price have 3 bedrooms, Their price is 168 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,051.
According to average price per property type in Wood Ridge, "" priced at $2,021 is 51 % more expensive than the average price ($1,342) in this city.
