The rent prices in real estate in North Hollywood, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in North Hollywood has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.86. In the following month the price per sq.feet fell to $2.62. The price for the following two months in (January, February) had a considerable rise of 169 %. The price per sq.feet has had a considerable rise of 269 % 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 $3.68 to $9.93 during March, and April.
When referring to the price in North Hollywood (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,458. In December This price remains at $2,505. In the following two months the average price has hardly changed with regard to the previous two months from $2,481.5 to $2,506.5. 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 $2,494 and $2,432 between March and April.
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 $2,632 they are 22 % more affordable than the average price for North Hollywood . The properties with the highest average price have 4 bedrooms, Their price is 123 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,499.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.58 / sq.feet, with an average $9.24 / sq.feet price in North Hollywood. The properties with the most expensive average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 1 bedroom with a price at $3.37 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,632 it is 15 % more affordable than the average price in North Hollywood. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $3,499 it is 62 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $2.8 / sq.feet followed by "Condo" priced at $4.14 / sq.feet. "Townhouse" is the most expensive type of property with a $213.52 / sq.feet value followed by "Office" with an average price of $40 / sq.feet.