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 November, the average price per sq.feet was $4.03. In December this price barely changed remaining at $4.02 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $4.03 to $4.45 per sq.feet. The price per sq.feet has had a considerable rise of 116 % 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 $4.24 to $4.92 during March, and April.
When referring to the price in Newport Coast (cities), this has risen in the last 6 months. The average price for November is $12,498. During December the price had a slight fall till $11,347. During the following two months (January, February) the average price had a considerable rise of 117 % 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 increased 114 % 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 $16,350 they are 83 % more affordable than the average price for Newport Coast . The properties with the lowest average price have 4 bedrooms, Their price is 32 % more affordable than the average. After that we have properties with 1 bedroom priced at $7,076.
With regard to the average prices per sq.feet those properties with 1 bedroom are 40 % more affordable than the average price of ($3 / sq.feet) in Newport Coast. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 40 % more affordable than the average value aforementioned.
According to average price per property type in Newport Coast, "" priced at $2,701 is 83 % lower than the average price ($16,350) in this city.