The rent prices in real estate in Newport Coast, 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 Newport Coast has risen during the last 6 months. In May, the average price per sq.feet was $2.65. In June this price barely changed remaining at $2.62 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.63 to $2.71 per sq.feet. The price per sq.feet has had a considerable rise of 123 % 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 $2.67 to $3.29 during September, and October.
When referring to the price in Newport Coast (cities), this has risen considerably in the last 6 months. The rent price in May is $3,989, rising in June till $4,289. During the following two months (July, August) the average price had a considerable rise of 142 % 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 247 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $14,194 they are 80 % more affordable than the average price for Newport Coast . The properties with the lowest average price have 4 bedrooms, Their price is 18 % more affordable than the average. After that we have properties with 1 bedroom priced at $7,412.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1224 % more expensive than the average price of ($45 / sq.feet) in Newport Coast. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1224 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $14,194 it is 80 % more affordable than the average price in Newport Coast. "Villa" is seen as the second most affordable property type. The most affordable property is "Villa" followed by "". At a price of $2,827 it is 46 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Villa with an average cost of $16 / sq.feet. "Villa" at an average price of $16 / sq.feet has the highest price and would be directed at more affluent cities.