The rent prices in real estate in Morongo Valley, 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 Morongo Valley has fallen during the last 6 months. In September, the average price per sq.feet was $1.86. In the following month the price per sq.feet fell to $1.68. The price for the following two months in (November, December) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has had a considerable rise of 155 % 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 $1.38 to $2.15 during January, and February.
When referring to the price in Morongo Valley (cities), this has fallen in the last 6 months. The average price for September is $2,165. During October the price had a considerable fall till $1,830. During the following two months (November, December) the average price fell 90 % 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 increased 110 % 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 $2,304 they are 48 % more affordable than the average price for Morongo Valley . The properties with the lowest average price have 2 bedrooms, Their price is 46 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,233.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.27 / sq.feet price in Morongo Valley. The properties with the most expensive average prices have 2 bedrooms. They are 164 % more expensive than the average followed by properties with 4 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Morongo Valley, "" priced at $1,217 is 47 % lower than the average price ($2,304) in this city.