The rent prices in real estate in Banning, 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 Banning has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.66. In the following month the price per sq.feet rose to $1.89. In the following two months the price per sq.feet has risen 111 %, going from $1.77 to $1.97 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 $1.87 to $1.9 during January y February
When referring to the price in Banning (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,154. In October This price remains at $2,084. In the following two months the average price has hardly changed with regard to the previous two months from $2,119 to $2,119. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,119 and $2,158 between January and February.
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 $2,090 they are 27 % more affordable than the average price for Banning . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,564.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.9 / sq.feet price in Banning. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.76 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,090 it is 40 % more affordable than the average price in Banning. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $2,549 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $2 / sq.feet. "Apartment" is the most expensive type of property with a $2 / sq.feet value followed by "House" with an average price of $1 / sq.feet.