The rent prices in real estate in Bakersfield, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bakersfield has risen strongly during the last 6 months. In April, the average price per sq.feet was $0.98. In the following month the price per sq.feet rose considerably to $1.14. In the following two months the price per sq.feet has risen 108 %, going from $1.06 to $1.14 per sq.feet. The price per sq.feet has risen 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.1 to $1.16 during August, and September.
When referring to the price in Bakersfield (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $1,008. During May the price went through a considerable rise reaching $1,187. During the following two months (June, July) the price has had an average rise from $1,097.5 to $1,222.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $1,214 they are 19 % more affordable than the average price for Bakersfield . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,427.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.24 / sq.feet price in Bakersfield. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.15 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,214 it is 16 % more affordable than the average price in Bakersfield. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Commercial". At a price of $1,116 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.1 / sq.feet followed by "Land" priced at $1.22 / sq.feet. "Commercial" is the most expensive type of property with a $7 / sq.feet value followed by "House" with an average price of $1.24 / sq.feet.