Property prices for rent in Morgan Hill (California)

The rent prices in real estate in Morgan Hill, 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.

$3,348
Average price last 6 months
$2.03
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Morgan Hill has fallen during the last 6 months. In April, the average price per sq.feet was $2.12. In the following month the price per sq.feet fell considerably to $1.78. In the following two months the price per sq.feet has practically remained the same, going from $1.95 to $1.99 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 $1.97 to $2.14 during August, and September.

Average price

When referring to the price in Morgan Hill (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $3,468. In May This price remains at $3,553. In the following two months the average price has hardly changed with regard to the previous two months from $3,510.5 to $3,506. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $3,508.25 to $3,027.5 in August and September.

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 $2,751 they are 33 % more affordable than the average price for Morgan Hill . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,158.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.73 / sq.feet, with an average $2.2 / sq.feet price in Morgan Hill. The properties with the most expensive average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.34 / 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 $2,751 it is 26 % more affordable than the average price in Morgan Hill. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $3,072 it is 22 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.98 / sq.feet followed by "Apartment" priced at $2.53 / sq.feet. "Condo" is the most expensive type of property with a $43 / sq.feet value followed by "Apartment" with an average price of $2.53 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Morgan Hill
Number of properties used in region California
$2,751
$2.2
160
359,112
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value