New Jersey
The 2 cheapest (and 2 priciest) rental towns in North Jersey
For those who’re seeking to lease and extra individuals than ever are renting in New Jersey, you’re in all probability questioning what the traits are, the place you’ll be able to transfer, that could be inexpensive, and if there are adjustments within the rental market.
A brand new report from Zumper checked out lease costs in 15 cities within the NYC metro space from September.
Whether or not you prefer it or not, we’re thought of a part of the New York Metropolis metro.
Folks in South Jersey are a part of one other metro that’s not included on this examine.
The examine reviews the typical costs of one-bedroom residences and essentially the most and least costly costs within the space.
In addition they checked out the place lease is growing and reducing in the identical metro.
Nobody might be stunned to listen to that Hoboken and Jersey Metropolis are the locations in New Jersey the place it’s most costly to lease a one-bedroom condo.
Hoboken residences common $2,830, whereas these in Jersey Metropolis common $2,650.
That’s some huge cash for a one-bedroom condo.
by way of The Zumper New York Metropolis Metro Space Report
However this shouldn’t be a shock to anybody, because the nearer you get to New York Metropolis, the dearer rents are.
The 2 most inexpensive cities in New Jersey, however, are Newark and East Orange with common lease costs final month being $1,350 and $1,500, respectively.
by way of The Zumper New York Metropolis Metro Space Report
And when it comes to rental value fluctuations, there’s excellent news. But in addition, dangerous information.
Jersey Metropolis had the fastest-growing lease value with rents up 49.7% from this time final 12 months.
West New York, New Jersey, had the second highest proportion enhance in lease at 47.3% based on the examine.
The one bit of fine information is that Lengthy Department, which might are typically expensive within the unique areas had rents lower about 10% since this time final 12 months.
by way of The Zumper New York Metropolis Metro Space Report
Opinions expressed within the submit above are these of New Jersey 101.5 discuss present host Judi Franco solely.
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