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 February, the average price per sq.feet was $2.56. In the following month the price per sq.feet rose to $2.79. The price for the following two months in (April, May) had a considerable rise of 178 %. The price per sq.feet has had a considerable fall of 77 % 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 $3.72 to $2.88 during June, and July.
When referring to the price in Cerritos (cities), this has risen considerably in the last 6 months. The rent price in February is $2,445, rising in March till $2,759. During the following two months (April, May) the price has had an average rise from $2,602 to $2,918. 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 $2,760 and $2,893 between June and July.
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 $2,880 they are 9 % more affordable than the average price for Cerritos . The properties with the highest average price have 2 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,784.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.77 / sq.feet, with an average $2.9 / sq.feet price in Cerritos. The properties with the most expensive average prices have 3 bedrooms. They are 1555 % more expensive than the average followed by properties with 1 bedroom with a price at $3.11 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,880 it is 20 % more affordable than the average price in Cerritos. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $2,293 it is 12 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $60 / sq.feet. "Condo" at an average price of $60 / sq.feet has the highest price and would be directed at more affluent cities.