The rent prices in real estate in Palm Springs, in the California region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Palm Springs has fallen during the last 6 months. In March, the average price per sq.feet was $3.2. In the following month the price per sq.feet fell to $2.81. In the following two months the price per sq.feet has practically remained the same, going from $3.01 to $3.02 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.01 to $2.92 during July y August
When referring to the price in Palm Springs (cities), there have hardly been any changes in the last 6 months. The rent price in March is $3,613, rising in April till $3,993. In the following two months the average price has hardly changed with regard to the previous two months from $3,803 to $3,778.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $3,790.75 to $3,574.5 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 $3,413 they are 41 % more affordable than the average price for Palm Springs . The properties with the highest average price have 4 bedrooms, Their price is 116 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,342.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.41 / sq.feet, with an average $2.86 / sq.feet price in Palm Springs. The properties with the most expensive average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.96 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,413 it is 59 % more affordable than the average price in Palm Springs. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $3,088 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.42 / sq.feet followed by "Apartment" priced at $2.84 / sq.feet. "Townhouse" is the most expensive type of property with a $18 / sq.feet value followed by "House" with an average price of $3.16 / sq.feet.