The rent prices in real estate in Cerritos, 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 Cerritos has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.44. In October this price barely changed remaining at $2.35 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 123 %. The price per sq.feet has had a considerable rise of 123 % 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 $2.67 to $3.3 during January, and February.
When referring to the price in Cerritos (cities), this has risen in the last 6 months. The average price during our first sample month during September, is $3,346. During October the price went through a considerable rise reaching $3,851. In the following two months the average price has hardly changed with regard to the previous two months from $3,598.5 to $3,700.5. 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 $3,649.5 and $3,711.5 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 $3,741 they are 18 % more affordable than the average price for Cerritos . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 2 bedrooms priced at $4,043.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.32 / sq.feet, with an average $3.29 / sq.feet price in Cerritos. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $3,741 it is 37 % more affordable than the average price in Cerritos. "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 $3,731 it is 10 % 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 "House" priced at $2.56 / sq.feet. "Townhouse" is the most expensive type of property with a $5 / sq.feet value followed by "Apartment" with an average price of $3.88 / sq.feet.