Property prices for rent in Milpitas (California)

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.

$3,138.5
Average price last 6 months
$12.55
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Milpitas
Number of properties used in region California
$3,125
$2.91
458
349,594
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value