The rent prices in real estate in Los Angeles, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Los Angeles has risen during the last 6 months. In October, the average price per sq.feet was $3.24. In the following month the price per sq.feet rose to $3.68. In the following two months the price per sq.feet has risen 106 %, going from $3.46 to $3.67 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.57 to $3.61 during February y March
When referring to the price in Los Angeles (cities), this has fallen in the last 6 months. The rent price in October is $3,638, rising in November till $3,827. In the following two months the average price has hardly changed with regard to the previous two months from $3,732.5 to $3,551.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $3,642 to $3,132 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $3,061 they are 21 % more affordable than the average price for Los Angeles . The properties with the highest average price have 4 bedrooms, Their price is 206 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,742.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.38 / sq.feet, with an average $3.8 / sq.feet price in Los Angeles. The properties with the most expensive average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $3.76 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,061 it is 18 % more affordable than the average price in Los Angeles. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Commercial". At a price of $4,877 it is 108 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $2 / sq.feet followed by "Townhouse" priced at $2.65 / sq.feet. "Condo" is the most expensive type of property with a $3.97 / sq.feet value followed by "House" with an average price of $3.74 / sq.feet.