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 March, the average price per sq.feet was $2.25. In the following month the price per sq.feet fell to $2.07. The price for the following two months in (May, June) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable rise of 127 % 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 $2.5 during July, and August.
When referring to the price in Morongo Valley (cities), this has fallen considerably in the last 6 months. The average price for March is $2,721. During April the price had a considerable fall till $1,888. During the following two months (May, June) the average price had a considerable fall of 78 % 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 129 % 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 $2,621 they are 56 % more affordable than the average price for Morongo Valley . The properties with the lowest average price have 2 bedrooms, Their price is 22 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,249.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2 / sq.feet price in Morongo Valley. The properties with the most expensive average prices have 3 bedrooms. They are 350 % more expensive than the average followed by properties with 4 bedrooms with a price at $2 / sq.feet.
According to average price per property type in Morongo Valley, "" priced at $1,219 is 53 % lower than the average price ($2,621) in this city.