The rent prices in real estate in Milpitas, 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 Milpitas has fallen during the last 6 months. In October, the average price per sq.feet was $3.51. In the following month the price per sq.feet fell to $3.14. In the following two months the price per sq.feet has practically remained the same, going from $3.33 to $3.18 per sq.feet. The price per sq.feet has risen 109 % 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 $3.25 to $3.53 during February, and March.
When referring to the price in Milpitas (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $3,368. In November This price remains at $3,291. In the following two months the average price has hardly changed with regard to the previous two months from $3,329.5 to $3,342.5. 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 $3,336 and $3,243 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 $3,225 they are 14 % more affordable than the average price for Milpitas . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,786.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.36 / sq.feet, with an average $3.6 / sq.feet price in Milpitas. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.6 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,225 it is 16 % more affordable than the average price in Milpitas. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $3,989 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "House" priced at $2.73 / sq.feet. "Apartment" is the most expensive type of property with a $3.78 / sq.feet value followed by "House" with an average price of $2.73 / sq.feet.