Property prices for rent in Palm Springs (California)
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.
