The rent prices in real estate in Pacoima, 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 Pacoima has risen strongly during the last 6 months. In March, the average price per sq.feet was $2.74. In the following month the price per sq.feet rose considerably to $36.61. The price for the following two months in (May, June) had a considerable rise of 231 %. The price per sq.feet has had a considerable fall of 32 % 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 $32.59 to $10.5 during July, and August.
When referring to the price in Pacoima (cities), this has fallen in the last 6 months. The average price for March is $2,311. During April the price had a considerable fall till $1,709. During the following two months (May, June) the average price had a considerable rise of 120 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $2,213.5 to $2,096.5 in July and August.
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 $1,492 they are 24 % more affordable than the average price for Pacoima . The properties with the highest average price have 2 bedrooms, Their price is 72 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,134.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $22 / sq.feet, with an average $18 / sq.feet price in Pacoima. The properties with the most expensive average prices have 2 bedrooms. They are 89 % more expensive than the average followed by properties with 1 bedroom with a price at $22 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $1,492 it is 70 % more expensive than the average price in Pacoima. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Townhouse". At a price of $2,533 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $25 / sq.feet followed by "House" priced at $34 / sq.feet. "House" is the most expensive type of property with a $34 / sq.feet value followed by "Townhouse" with an average price of $25 / sq.feet.