The rent prices in real estate in Milpitas, 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 Milpitas has had a strong fall during the last 6 months. In October, the average price per sq.feet was $48.16. In the following month the price per sq.feet fell considerably to $3.01. The price for the following two months in (December, January) had a considerable fall of 36 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $17.34 to $2.98 during February, and March.
When referring to the price in Milpitas (cities), this has fallen in the last 6 months. The average price for October is $3,364. During November the price had a slight fall till $3,062. In the following two months the average price has hardly changed with regard to the previous two months from $3,213 to $3,198. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $3,205.5 to $3,004.5 in 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 $3,125 they are 21 % more affordable than the average price for Milpitas . The properties with the highest average price have 4 bedrooms, Their price is 86 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,710.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.48 / sq.feet, with an average $2.91 / sq.feet price in Milpitas. The properties with the most expensive average prices have 4 bedrooms. They are 4642 % more expensive than the average followed by properties with 1 bedroom with a price at $3.7 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,125 it is 9 % more affordable than the average price in Milpitas. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,385 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "Apartment" priced at $34 / sq.feet. "House" is the most expensive type of property with a $93 / sq.feet value followed by "Apartment" with an average price of $34 / sq.feet.