The rent prices in real estate in Sacramento, 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 Sacramento has risen strongly during the last 6 months. In June, the average price per sq.feet was $2.06. In July this price barely changed remaining at $2.14 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.1 to $2.06 per sq.feet. The price per sq.feet has had a considerable rise of 484 % 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 $2.08 to $10.05 during October, and November.
When referring to the price in Sacramento (cities), there have hardly been any changes in the last 6 months. The rent price in June is $1,937, rising in July till $2,045. During the following two months (August, September) the average price fell 95 % 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 90 %, going from $1,937.25 to $1,753 in October and November.
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 $1,759 they are 14 % more affordable than the average price for Sacramento . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,281.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $9.3 / sq.feet price in Sacramento. The properties with the most affordable average prices have 2 bedrooms. They are 24 % more affordable than the average followed by properties with 1 bedroom with a price at $3.79 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,759 it is 13 % more affordable than the average price in Sacramento. "Condo" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "". At a price of $2,297 it is 73 % 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 $1.7 / sq.feet followed by "House" priced at $2.08 / sq.feet. "Office" is the most affordable type of property with a $5 / sq.feet value followed by "House" with an average price of $2.08 / sq.feet.