The rent prices in real estate in Fresno, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Fresno has fallen during the last 6 months. In October, the average price per sq.feet was $1.24. In November this price barely changed remaining at $1.19 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.22 to $1.21 per sq.feet. The price per sq.feet has fallen 94 % 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 $1.21 to $1.14 during February, and March.
When referring to the price in Fresno (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,247. In November This price remains at $1,199. In the following two months the average price has hardly changed with regard to the previous two months from $1,223 to $1,223.5. 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 $1,223.25 and $1,191.5 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 $1,225 they are 18 % more affordable than the average price for Fresno . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,461.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $1.17 / sq.feet price in Fresno. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.2 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,225 it is 17 % more affordable than the average price in Fresno. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of $1,373 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $0.99 / sq.feet followed by "Commercial" priced at $1.25 / sq.feet. "Villa" is the most expensive type of property with a $9 / sq.feet value followed by "Condo" with an average price of $1.31 / sq.feet.