The rent prices in real estate in Paramount, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Paramount has had a strong fall during the last 6 months. In April, the average price per sq.feet was $27.84. In the following month the price per sq.feet fell considerably to $1.99. The price for the following two months in (June, July) had a considerable fall of 15 with regard to the previous two months. The price per sq.feet has had a considerable fall of 27 % 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 $8.59 to $2.34 during August, and September.
When referring to the price in Paramount (cities), there have hardly been any changes in the last 6 months. The rent price in April is $1,876, rising in May till $2,028. During the following two months (June, July) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,894 and $1,916 between August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,881 they are 11 % more affordable than the average price for Paramount . The properties with the highest average price have 2 bedrooms, Their price is 2 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,698.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.11 / sq.feet, with an average $2.3 / sq.feet price in Paramount. The properties with the most expensive average prices have 3 bedrooms. They are 900 % more expensive than the average followed by properties with 1 bedroom with a price at $2.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,881 it is 13 % more affordable than the average price in Paramount. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,649 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $9 / sq.feet followed by "Condo" priced at $14 / sq.feet. "House" is the most expensive type of property with a $24 / sq.feet value followed by "Condo" with an average price of $14 / sq.feet.