The rent prices in real estate in Elk Grove, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Elk Grove has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.73. In March this price barely changed remaining at $1.65 per sq.feet. The price for the following two months in (April, May) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $1.51 to $1.39 during June, and July.
When referring to the price in Elk Grove (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,992. In March This price remains at $1,917. In the following two months the average price has hardly changed with regard to the previous two months from $1,954.5 to $1,877. 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 $1,915.75 and $1,986 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 $2,063 they are 22 % more affordable than the average price for Elk Grove . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,045.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.46 / sq.feet price in Elk Grove. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.78 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,063 it is 25 % more affordable than the average price in Elk Grove. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,866 it is 5 % 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 $1.26 / sq.feet followed by "House" priced at $1.86 / sq.feet. "Duplex" is the most expensive type of property with a $38 / sq.feet value followed by "House" with an average price of $1.86 / sq.feet.