The rent prices in real estate in Modesto, 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 Modesto has fallen during the last 6 months. In January, the average price per sq.feet was $1.35. In the following month the price per sq.feet fell considerably to $1.06. The price for the following two months in (March, April) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable rise of 126 % 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 $1.1 to $1.39 during May, and June.
When referring to the price in Modesto (cities), this has fallen in the last 6 months. The average price for January is $1,485. During February the price had a slight fall till $1,294. During the following two months (March, April) the average price fell 89 % with regard to the previous two months. 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 $1,313 and $1,346.5 between May and June.
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 $1,292 they are 25 % more affordable than the average price for Modesto . The properties with the highest average price have 3 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,894.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.17 / sq.feet, with an average $1.43 / sq.feet price in Modesto. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.36 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,292 it is 17 % more affordable than the average price in Modesto. "Commercial" is seen as the second most affordable property type. The most expensive property type is "" followed by "Commercial". At a price of $1,236 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Commercial" priced at $17 / sq.feet. "Commercial" is the most expensive type of property with a $17 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.