The average rent price in the New Jersey region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in New Jersey has barely changed in the last 6 months. During October, the average price per sq.feet was $2.39. In November the price barely changed remaining at $2.28 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.34 to $2.33 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 $2.33 to $2.31 during February and March.
When referring to the price in New Jersey(region), there have hardly been any changes in the last 6 months. October has an average price of $2,159. During Novemberthe price had a slight fall till $2,048. In the following two months the average price practically remained the same compared to the previous two going from $2,103.5 to $2,205.5. During the last two months the price has gone down 93 % compared to the previous average values going from $2,154.5 a $1,994.5 in February y March.
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 $2,085. The most expensive properties have 4 bedrooms. They are 55 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,484.
Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $2.15 / sq.feet being $2.3 / sq.feet the average for New Jersey. The properties with the highest average price are those with 4 bedrooms. These are 943 % more expensive than the average followed by those with 3 bedrooms with a price of $5.24 / sq.feet.
The graph displaying the average rent price according to the property type shows "Commercial" as the most affordable one. With an average cost of $1,911 it is 6 % cheaper than the average in New Jersey. This is followed by "Apartment" with a cost of $1,855. The most expensive property type is "Townhouse" and is 25 % more costly than the average, followed by "House" with a cost of $2,077.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1.4 / sq.feet, followed by "House" with a price of $2.61 / sq.feet. "Apartment" with an average price of $102 / sq.feet is the most expensive type of property followed by "Condo" at a price of $25.5 / sq.feet.