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 October, the average price per sq.feet was $29. In the following month the price per sq.feet fell considerably to $3.24. The price for the following two months in (December, January) had a considerable fall of 15 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $9.29 to $2.12 during February, and March.
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 October, is $1,450. During November the price went through a considerable rise reaching $2,593. During the following two months (December, January) the average price had a considerable rise of 120 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,224 to $1,837.5, which means a 83 % fall.
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 $2,125 they are 32 % more affordable than the average price for King City . The properties with the lowest average price have 1 bedroom, Their price is 32 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,440.
According to average price per property type in King City, "" priced at $1,440 is 32 % lower than the average price ($2,125) in this city.