The rent prices in real estate in Rancho Santa Margarita, 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 Rancho Santa Margarita has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.41. In November this price barely changed remaining at $2.48 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 158 %. The price per sq.feet has had a considerable rise of 149 % 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 $3.16 to $4.72 during February, and March.
When referring to the price in Rancho Santa Margarita (cities), this has risen in the last 6 months. The rent price in October is $2,274, rising in November till $2,400. During the following two months (December, January) the price has had an average rise from $2,337 to $2,652.5. 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 $2,494.75 and $2,402 between February and March.
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 $2,282 they are 17 % more affordable than the average price for Rancho Santa Margarita . The properties with the highest average price have 4 bedrooms, Their price is 114 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,471.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.87 / sq.feet, with an average $2.77 / sq.feet price in Rancho Santa Margarita. The properties with the most expensive average prices have 4 bedrooms. They are 3113 % more expensive than the average followed by properties with 3 bedrooms with a price at $35.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,282 it is 16 % more affordable than the average price in Rancho Santa Margarita. "Office" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,573 it is 30 % 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 / sq.feet followed by "Office" priced at $3 / sq.feet. "Office" is the most expensive type of property with a $3 / sq.feet value followed by "Condo" with an average price of $2 / sq.feet.