The rent prices in real estate in Menifee, 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 Menifee has risen during the last 6 months. In October, the average price per sq.feet was $1.64. In November this price barely changed remaining at $1.67 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.65 to $1.73 per sq.feet. The price per sq.feet has risen 108 % 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 $1.69 to $1.82 during February, and March.
When referring to the price in Menifee (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,712. In November This price remains at $2,757. In the following two months the average price has hardly changed with regard to the previous two months from $2,734.5 to $2,763. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,748.75 and $2,779.5 between February and March.
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 $2,734 they are 23 % more affordable than the average price for Menifee . The properties with the highest average price have 4 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,005.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.42 / sq.feet, with an average $1.76 / sq.feet price in Menifee. The properties with the most expensive average prices have 1 bedroom. They are 77 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.02 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,734 it is 35 % more affordable than the average price in Menifee. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,811 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.6 / sq.feet followed by "Apartment" priced at $2.23 / sq.feet. "Condo" is the most expensive type of property with a $3.96 / sq.feet value followed by "Apartment" with an average price of $2.23 / sq.feet.