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.
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.
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.
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.
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.