The rent prices in real estate in Menlo Park, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Menlo Park has fallen during the last 6 months. In July, the average price per sq.feet was $4.08. In the following month the price per sq.feet fell to $3.72. In the following two months the price per sq.feet has practically remained the same, going from $3.9 to $3.82 per sq.feet. The price per sq.feet has fallen 92 % 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 $3.86 to $3.57 during November, and December.
When referring to the price in Menlo Park (cities), this has fallen in the last 6 months. The average price for July is $4,268. During August the price had a considerable fall till $3,266. In the following two months the average price has hardly changed with regard to the previous two months from $3,767 to $3,730. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $3,855 they are 43 % more affordable than the average price for Menlo Park . The properties with the highest average price have 4 bedrooms, Their price is 186 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,078.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.34 / sq.feet, with an average $3.56 / sq.feet price in Menlo Park. The properties with the most expensive average prices have 4 bedrooms. They are 4154 % more expensive than the average followed by properties with 1 bedroom with a price at $4.2 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,855 it is 27 % more affordable than the average price in Menlo Park. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $4,412 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $3.38 / sq.feet followed by "Condo" priced at $3.48 / sq.feet. "Detached House" is the most expensive type of property with a $78 / sq.feet value followed by "House" with an average price of $3.61 / sq.feet.