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 August, the average price per sq.feet was $14. In September this price barely changed remaining at $14 per sq.feet. The price for the following two months in (October, November) had a considerable rise of 121 %. The price per sq.feet has had a considerable rise of 129 % 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 $15.5 to $20 during December, and January.
When referring to the price in Morongo Valley (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,226. In September This price remains at $1,226. In the following two months the average price has hardly changed with regard to the previous two months from $1,226 to $1,273.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,249.75 and $1,296 between December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,271 they are 1 % more affordable than the average price for Morongo Valley . The properties with the highest average price have 1 bedroom, Their price is 4 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,261.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $15 / sq.feet, with an average $20 / sq.feet price in Morongo Valley. The properties with the most affordable average prices have 1 bedroom. They are 5 % more affordable than the average followed by properties with 4 bedrooms with a price at $15 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,271 it is 35 % more affordable than the average price in Morongo Valley. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "". At a price of $826 it is 1 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $12 / sq.feet. "Apartment" with an average price of $12 / sq.feet has the most affordable price and would be directed at less affluent cities.