The rent prices in real estate in Long Beach, 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 Long Beach has risen strongly during the last 6 months. In August, the average price per sq.feet was $2.84. In September this price barely changed remaining at $2.73 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.79 to $2.69 per sq.feet. The price per sq.feet has had a considerable rise of 173 % 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 $2.74 to $4.74 during December, and January.
When referring to the price in Long Beach (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $2,224. In September This price remains at $2,289. During the following two months (October, November) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $2,150.5 to $1,923 in December and January.
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 $1,967 they are 20 % more affordable than the average price for Long Beach . The properties with the highest average price have 4 bedrooms, Their price is 89 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,810.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.03 / sq.feet, with an average $5.88 / sq.feet price in Long Beach. The properties with the most expensive average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.56 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,967 it is 6 % more affordable than the average price in Long Beach. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Condo". At a price of $2,540 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $2 / sq.feet followed by "Condo" priced at $2.24 / sq.feet. "Villa" is the most expensive type of property with a $35 / sq.feet value followed by "Commercial" with an average price of $34 / sq.feet.