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 April, the average price per sq.feet was $2.49. In May the price barely changed remaining at $2.59 per sq.feet. The following two months (June, July) went through a rise of 105 % in the rent price per sq.feet rising from $2.54 to $2.67 per sq.feet. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $2.61 for the first four months of the sample with regard to the previous 4 months and the price $2.76 per sq.feet for the last two months (August, September).
When referring to the price in New Jersey(region), this has risen considerably in the last 6 months. The average rent price in April is $2,342. In May the price rose to $2,502. The average price for the following two months (June, July) rose from $2,422 to $2,745. During the last two months the price has gone up 109 % compared to the previous average values going from $2,583.5 a $2,814 in August y September.
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 24 % cheaper than the average price in New Jersey followed by those with 2 with an average price of $2,427. The most expensive properties have 4 bedrooms. They are 43 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,381.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.84 / sq.feet being $2.76 / sq.feet the average for New Jersey. The properties with the highest average price are those with 1 bedroom. These are 3 % more expensive than the average followed by those with 3 bedrooms with a price of $2.34 / 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 $2,677 it is 31 % cheaper than the average in New Jersey. This is followed by "Townhouse" with a cost of $2,350. The most expensive property type is "House" and is 11 % more costly than the average, followed by "Land" with a cost of $2,862.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $1 / sq.feet, followed by "House" with a price of $2.43 / sq.feet. "Duplex" with an average price of $99 / sq.feet is the most expensive type of property followed by "Condo" at a price of $2.75 / sq.feet.