Property prices for rent in Palo Alto (California)
The rent prices in real estate in Palo Alto, 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 Palo Alto has fallen during the last 6 months. In November, the average price per sq.feet was $4.66. In the following month the price per sq.feet fell to $4.15. The price for the following two months in (January, February) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $4.23 to $3.84 during March, and April.
When referring to the price in Palo Alto (cities), this has fallen considerably in the last 6 months. The average price for November is $5,230. During December the price had a considerable fall till $3,963. During the following two months (January, February) the average price had a considerable fall of 85 % 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 91 %, going from $4,241.25 to $3,844.5 in 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 $3,484 they are 28 % more affordable than the average price for Palo Alto . The properties with the highest average price have 4 bedrooms, Their price is 117 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,627.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.42 / sq.feet, with an average $3.78 / sq.feet price in Palo Alto. The properties with the most expensive average prices have 3 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $3.88 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,484 it is 14 % more affordable than the average price in Palo Alto. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $5,604 it is 202 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $3 / sq.feet followed by "House" priced at $3.93 / sq.feet. "Apartment" is the most expensive type of property with a $4.09 / sq.feet value followed by "Condo" with an average price of $4 / sq.feet.
