The rent prices in real estate in Murrieta, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Murrieta has risen during the last 6 months. In June, the average price per sq.feet was $1.25. In the following month the price per sq.feet rose to $1.4. In the following two months the price per sq.feet has risen 111 %, going from $1.33 to $1.47 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.4 to $1.26 during October, and November.
When referring to the price in Murrieta (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,934. In July This price remains at $2,023. In the following two months the average price has hardly changed with regard to the previous two months from $1,978.5 to $1,919. 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 $1,948.75 and $2,036.5 between October and November.
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 $2,065 they are 28 % more affordable than the average price for Murrieta . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,125.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $1.24 / sq.feet price in Murrieta. The properties with the most expensive average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,065 it is 22 % more affordable than the average price in Murrieta. "Land" is seen as the second most affordable property type. The most expensive property type is "" followed by "Office". At a price of $1,778 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.83 / sq.feet followed by "Office" priced at $21 / sq.feet. "Land" is the most expensive type of property with a $33 / sq.feet value followed by "Office" with an average price of $21 / sq.feet.