The rent prices in real estate in Mission Viejo, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Mission Viejo has risen strongly during the last 6 months. In July, the average price per sq.feet was $2.3. In August this price barely changed remaining at $2.28 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.29 to $2.2 per sq.feet. The price per sq.feet has had a considerable rise of 167 % 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 $2.24 to $3.74 during November, and December.
When referring to the price in Mission Viejo (cities), this has risen considerably in the last 6 months. In our first sample month during July, the average price is $2,050. In August This price remains at $2,081. During the following two months (September, October) the average price had a considerable rise of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 $2,691 they are 29 % more affordable than the average price for Mission Viejo . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,643.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.65 / sq.feet, with an average $2.4 / sq.feet price in Mission Viejo. The properties with the most expensive average prices have 1 bedroom. They are 150 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.25 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,691 it is 19 % more affordable than the average price in Mission Viejo. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,534 it is 16 % 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 $2.05 / sq.feet followed by "House" priced at $10.11 / sq.feet. "Duplex" is the most expensive type of property with a $22 / sq.feet value followed by "House" with an average price of $10.11 / sq.feet.