The rent prices in real estate in King City, 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 King City has had a strong fall during the last 6 months. In September, the average price per sq.feet was $39. In the following month the price per sq.feet fell considerably to $31. The price for the following two months in (November, December) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $33 to $1.08 during January, and February.
When referring to the price in King City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $1,099. During October the price went through a considerable rise reaching $1,454. During the following two months (November, December) the price has had an average rise from $1,276.5 to $1,454. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 182 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,800 they are 48 % more affordable than the average price for King City . The properties with the lowest average price have 1 bedroom, Their price is 47 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,466.
According to average price per property type in King City, "" priced at $1,466 is 48 % lower than the average price ($2,800) in this city.