Property prices for rent in Newport Coast (California)
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.
