The rent prices in real estate in Redding, in the California region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Redding has risen during the last 6 months. In December, the average price per sq.feet was $1.16. In January this price barely changed remaining at $1.16 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.16 to $1.26 per sq.feet. The price per sq.feet has risen 108 % 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 $1.21 to $1.3 during April, and May.
When referring to the price in Redding (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $1,275. In January This price remains at $1,275. During the following two months (February, March) the price has had an average rise from $1,275 to $1,380. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,404 they are 31 % more affordable than the average price for Redding . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,820.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.3 / sq.feet price in Redding. The properties with the most expensive average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.25 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,404 it is 44 % more affordable than the average price in Redding. "House" is seen as the second most affordable property type. The most affordable property is "Detached House" followed by "House". At a price of $991 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.31 / sq.feet followed by "Detached House" priced at $3 / sq.feet. "Detached House" is the most expensive type of property with a $3 / sq.feet value followed by "House" with an average price of $1.31 / sq.feet.