The rent prices in real estate in Sacramento, 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 Sacramento has had a strong fall during the last 6 months. In October, the average price per sq.feet was $10.8. In the following month the price per sq.feet fell to $9.3. The price for the following two months in (December, January) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable rise of 236 % 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 $6.09 to $14.35 during February, and March.
When referring to the price in Sacramento (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,747. In November This price remains at $1,759. In the following two months the average price has hardly changed with regard to the previous two months from $1,753 to $1,777. 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 $1,765 and $1,824 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 $1,734 they are 8 % more affordable than the average price for Sacramento . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,332.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.41 / sq.feet, with an average $6.09 / sq.feet price in Sacramento. The properties with the most expensive average prices have 1 bedroom. They are 120 % more expensive than the average followed by properties with 2 bedrooms with a price at $5.46 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,734 it is 8 % more affordable than the average price in Sacramento. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $2,280 it is 75 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $1 / sq.feet followed by "House" priced at $1.98 / sq.feet. "Condo" is the most expensive type of property with a $113.84 / sq.feet value followed by "Townhouse" with an average price of $86.65 / sq.feet.