The rent prices in real estate in Long Beach, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Long Beach has risen during the last 6 months. In March, the average price per sq.feet was $3.03. In the following month the price per sq.feet rose to $3.44. In the following two months the price per sq.feet has practically remained the same, going from $3.23 to $3.27 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.25 to $3.17 during July y August
When referring to the price in Long Beach (cities), this has risen in the last 6 months. The average price during our first sample month during March, is $2,327. During April the price went through a considerable rise reaching $2,786. In the following two months the average price has hardly changed with regard to the previous two months from $2,556.5 to $2,516.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,536.5 to $2,364 in July and August.
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 $2,538 they are 16 % more affordable than the average price for Long Beach . The properties with the highest average price have 4 bedrooms, Their price is 109 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,880.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.03 / sq.feet, with an average $3.17 / sq.feet price in Long Beach. The properties with the most expensive average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $3.24 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,538 it is 27 % more affordable than the average price in Long Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $3,258 it is 33 % 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 $1 / sq.feet followed by "Townhouse" priced at $2 / sq.feet. "Apartment" is the most expensive type of property with a $3.78 / sq.feet value followed by "Condo" with an average price of $3.3 / sq.feet.