The rent prices in real estate in Palm Springs, 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 Palm Springs has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.67. In the following month the price per sq.feet rose to $1.8. In the following two months the price per sq.feet has risen 105 %, going from $1.74 to $1.83 per sq.feet. The price per sq.feet has had a considerable rise of 134 % 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 $1.78 to $2.38 during February, and March.
When referring to the price in Palm Springs (cities), this has risen considerably in the last 6 months. The rent price in October is $1,703, rising in November till $1,818. During the following two months (December, January) the average price had a considerable rise of 121 % 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 1 bedroom are the most affordable ones. At a price of $1,962 they are 23 % more affordable than the average price for Palm Springs . The properties with the highest average price have 4 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,509.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.63 / sq.feet, with an average $2.08 / sq.feet price in Palm Springs. The properties with the most expensive average prices have 4 bedrooms. They are 1744 % more expensive than the average followed by properties with 1 bedroom with a price at $2.37 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,962 it is 26 % more affordable than the average price in Palm Springs. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,624 it is 54 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $1 / sq.feet followed by "House" priced at $2.38 / sq.feet. "Townhouse" is the most expensive type of property with a $193 / sq.feet value followed by "Commercial" with an average price of $14 / sq.feet.