Property prices for rent in Newport Beach (California)
The rent prices in real estate in Newport Beach, in the California region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Newport Beach has barely changed in the last 6 months. In November, the average price per sq.feet was $4.49. In the following month the price per sq.feet fell to $4.13. In the following two months the price per sq.feet has practically remained the same, going from $4.31 to $4.24 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $4.27 to $4.46 during March y April
When referring to the price in Newport Beach (cities), this has fallen considerably in the last 6 months. The average price for November is $7,225. During December the price had a considerable fall till $5,622. During the following two months (January, February) the average price had a considerable fall of 84 % 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 115 % 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 $7,596 they are 59 % more affordable than the average price for Newport Beach . The properties with the highest average price have 4 bedrooms, Their price is 127 % more expensive than the average. After that we have properties with 3 bedrooms priced at $8,800.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $4.19 / sq.feet, with an average $4.51 / sq.feet price in Newport Beach. The properties with the most expensive average prices have 4 bedrooms. They are 43 % more expensive than the average followed by properties with 3 bedrooms with a price at $4.75 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $7,596 it is 11 % more affordable than the average price in Newport Beach. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $14,821 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $4.6 / sq.feet followed by "Apartment" priced at $4.89 / sq.feet. "House" is the most expensive type of property with a $5.6 / sq.feet value followed by "Townhouse" with an average price of $5 / sq.feet.
