The rent prices in real estate in Santa Barbara, 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 Santa Barbara has risen during the last 6 months. In August, the average price per sq.feet was $3.04. In September this price barely changed remaining at $3.16 per sq.feet. In the following two months the price per sq.feet has risen 114 %, going from $3.1 to $3.54 per sq.feet. The price per sq.feet has risen 107 % 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 $3.32 to $3.55 during December, and January.
When referring to the price in Santa Barbara (cities), this has fallen in the last 6 months. The average price for August is $4,084. During September the price had a slight fall till $3,841. During the following two months (October, November) the average price had a considerable fall of 85 % 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 $3,657 and $3,535.5 between December and January.
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 $3,847 they are 16 % more affordable than the average price for Santa Barbara . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,991.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.31 / sq.feet, with an average $3.48 / sq.feet price in Santa Barbara. The properties with the most expensive average prices have 4 bedrooms. They are 3511 % more expensive than the average followed by properties with 3 bedrooms with a price at $59.93 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,847 it is 21 % more affordable than the average price in Santa Barbara. "Detached House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Detached House". At a price of $3,928 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.69 / sq.feet followed by "Condo" priced at $20.24 / sq.feet. "Detached House" is the most expensive type of property with a $111 / sq.feet value followed by "Condo" with an average price of $20.24 / sq.feet.