Property prices for rent in Berkeley (California)
The rent prices in real estate in Berkeley, 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 Berkeley has risen strongly during the last 6 months. In October, the average price per sq.feet was $4.09. In the following month the price per sq.feet rose to $4.66. In the following two months the price per sq.feet has risen 112 %, going from $4.38 to $4.88 per sq.feet. The price per sq.feet has risen 109 % 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 $4.63 to $5.03 during February, and March.
When referring to the price in Berkeley (cities), there have hardly been any changes in the last 6 months. The rent price in October is $2,965, rising in November till $3,124. In the following two months the average price has hardly changed with regard to the previous two months from $3,044.5 to $3,080. 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 $3,062.25 and $2,941 between 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 $3,118 they are 13 % more affordable than the average price for Berkeley . The properties with the highest average price have 3 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 4 bedrooms priced at $4,694.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $4.76 / sq.feet, with an average $5.19 / sq.feet price in Berkeley. The properties with the most affordable average prices have 3 bedrooms. They are 0 % more affordable than the average followed by properties with 2 bedrooms with a price at $4.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $3,118 it is 9 % more affordable than the average price in Berkeley. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Condo". At a price of $4,524 it is 87 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $2 / sq.feet followed by "Condo" priced at $3.97 / sq.feet. "Duplex" is the most expensive type of property with a $23 / sq.feet value followed by "House" with an average price of $5.26 / sq.feet.
