The average rent price in the New Jersey region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in New Jersey has risen in the last 6 months. During March, the average price per sq.feet was $2.3. The following month (April) the price rose to $2.59 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.44 to $2.45 per sq.feet. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.feet of $2.45 to $2.4 during July and August.
When referring to the price in New Jersey(region), this has risen in the last 6 months. In the first month sample for March the average price is $1,911. During April it went through a strong rise reaching $2,217 In the following two months the average price practically remained the same compared to the previous two going from $2,064 to $2,123.5. During the last two months the average price has not gone through any changes and has gone from $2,093.75 to $2,128.5 during July and August.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 12 % cheaper than the average price in New Jersey followed by those with 2 with an average price of $2,257. The most expensive properties have 4 bedrooms. They are 49 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,702.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.76 / sq.feet being $2.38 / sq.feet the average for New Jersey. The properties with the highest average price are those with 1 bedroom. These are 10 % more expensive than the average followed by those with 2 bedrooms with a price of $2.23 / sq.feet.
The graph displaying the average rent price according to the property type shows "Duplex" as the most affordable one. With an average cost of $2,122 it is 20 % cheaper than the average in New Jersey. This is followed by "Apartment" with a cost of $1,932. The most expensive property type is "Townhouse" and is 22 % more costly than the average, followed by "Land" with a cost of $2,279.
Based upon the average cost per sq.feet the most affordable property type is "Duplex with a an average price of $1 / sq.feet, followed by "Condo" with a price of $2.01 / sq.feet. "Townhouse" with an average price of $13.84 / sq.feet is the most expensive type of property followed by "Apartment" at a price of $4 / sq.feet.