The rent prices in real estate in Wyckoff, 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 Wyckoff has had a strong fall during the last 6 months. In November, the average price per sq.feet was $596.39. In the following month the price per sq.feet fell considerably to $2.81. The price for the following two months in (January, February) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % 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 $151.21 to $103 during March, and April.
When referring to the price in Wyckoff (cities), this has fallen considerably in the last 6 months. The average price for November is $6,266. During December the price had a considerable fall till $3,960. During the following two months (January, February) the average price had a considerable fall of 82 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $4,665 to $4,130 in March and April.
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 $4,077 they are 36 % more affordable than the average price for Wyckoff . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 16 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.9 / sq.feet, with an average $3.2 / sq.feet price in Wyckoff. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 24 % more expensive than the average value aforementioned.