The rent prices in real estate in Burbank, 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 Burbank has risen strongly during the last 6 months. In June, the average price per sq.feet was $3.15. In July this price barely changed remaining at $3.22 per sq.feet. The price for the following two months in (August, September) had a considerable rise of 1096 %. The price per sq.feet has had a considerable fall of 19 % 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 $19.04 to $3.68 during October, and November.
When referring to the price in Burbank (cities), this has risen considerably in the last 6 months. In our first sample month during June, the average price is $2,508. In July This price remains at $2,547. During the following two months (August, September) the average price had a considerable rise of 118 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 115 % 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 $3,147 they are 23 % more affordable than the average price for Burbank . The properties with the highest average price have 4 bedrooms, Their price is 65 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,097.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.92 / sq.feet, with an average $4.19 / sq.feet price in Burbank. The properties with the most expensive average prices have 4 bedrooms. They are 809 % more expensive than the average followed by properties with 1 bedroom with a price at $14.92 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,147 it is 24 % more affordable than the average price in Burbank. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,797 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2 / sq.feet followed by "Condo" priced at $3.4 / sq.feet. "Duplex" is the most expensive type of property with a $16 / sq.feet value followed by "House" with an average price of $12.22 / sq.feet.