For maximum space, rent a four-bedroom apartment or house for $2,125 on average. Adding a bedroom raises the price to $1,432, and a three-bedroom costs $1,837. Renting a single-bedroom apartment would require $1,159. On the other end, the most expensive rents can be found in Hoboken at about $3,529 a month.Īs for New Jersey rent by apartment size, the average studio apartment in the state costs about $989. For about $100 more, renters can find a nice place in Newark for $1,217. Rents in the state capital are a little more expensive at $1,108 each month. The most affordable rents in the state can be found in Lindenwold, with rents averaging $988 a month. Fortunately, New Jersey has a wide mix of rental options and different cost levels. For others, the apartment lifestyle is more appealing. Many residents prefer to live in a community for a while before deciding to buy a home. A home in Atlantic City costs around $130,000, although these home prices rose 18.2% in recent months. Prices in Edison hover at about $418,000 and rose only 6.6% in the past year. Trenton's home prices are lower than the statewide average at $210,000, which may be good news for state government employees working near the capital. In general, costs have risen about 11.5% over the last year. However, it's possible to find homes much higher and much lower than this mid-range value. Typically, homes in New Jersey cost about $382,000. There are areas of the state with more expensive housing and areas where prices are more affordable. However, these costs are not borne out equally. That means it would take $142 in the Garden State to purchase $100 worth of housing in other states. index, New Jersey costs are about 42.4% more expensive.
0 Comments
Leave a Reply. |