The rent prices in real estate in Morongo Valley, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Morongo Valley has risen strongly during the last 6 months. In November, the average price per sq.feet was $1. In December this price barely changed remaining at $1 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 215 %. The price per sq.feet has had a considerable rise of 142 % 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 $1.58 to $2.23 during March, and April.
When referring to the price in Morongo Valley (cities), this has risen considerably in the last 6 months. The average price for November is $1,858. During December the price had a slight fall till $1,747. During the following two months (January, February) the average price had a considerable rise of 116 % 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 123 % 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 $2,436 they are 51 % more affordable than the average price for Morongo Valley . The properties with the lowest average price have 2 bedrooms, Their price is 49 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,229.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 83 % more expensive than the average price of ($4 / sq.feet) in Morongo Valley. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 83 % more expensive than the average value aforementioned.
According to average price per property type in Morongo Valley, "" priced at $1,213 is 50 % lower than the average price ($2,436) in this city.