The rent prices in real estate in Lynwood, 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 Lynwood has had a strong fall during the last 6 months. In December, the average price per sq.feet was $59.93. In the following month the price per sq.feet fell to $52.67. The price for the following two months in (February, March) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable fall of 5 % 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 $34.89 to $1.7 during April, and May.
When referring to the price in Lynwood (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,909. In January This price remains at $1,914. In the following two months the average price has hardly changed with regard to the previous two months from $1,911.5 to $1,880.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,896 to $1,724 in April and May.
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 $1,762 they are 5 % more affordable than the average price for Lynwood . The properties with the highest average price have 4 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,676.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $23 / sq.feet, with an average $1.83 / sq.feet price in Lynwood. The properties with the most expensive average prices have 1 bedroom. They are 2195 % more expensive than the average followed by properties with 4 bedrooms with a price at $23 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,762 it is 8 % more affordable than the average price in Lynwood. "Commercial Property" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,767 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $6 / sq.feet followed by "Land" priced at $32 / sq.feet. "House" is the most expensive type of property with a $49 / sq.feet value followed by "Townhouse" with an average price of $38 / sq.feet.