The rent prices in real estate in Santa Fe Springs, 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 Santa Fe Springs has risen strongly during the last 6 months. In November, the average price per sq.feet was $2. In the following month the price per sq.feet rose to $2.27. The price for the following two months in (January, February) had a considerable rise of 132 %. The price per sq.feet has had a considerable rise of 612 % 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 $2.47 to $15.15 during March, and April.
When referring to the price in Santa Fe Springs (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during November, is $2,176. During December the price went through a considerable rise reaching $2,658. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,321.75 to $1,931, which means a 83 % fall.
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 $2,268 they are 11 % more affordable than the average price for Santa Fe Springs . The properties with the highest average price have 3 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,742.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $2.3 / sq.feet price in Santa Fe Springs. The properties with the most expensive average prices have 4 bedrooms. They are 1900 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most affordable one. At an cost of $2,268 it is 2 % more affordable than the average price in Santa Fe Springs. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial Property". At a price of $2,222 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial Property" at an average price of $12 / sq.feet followed by "House" priced at $46 / sq.feet. "House" is the most expensive type of property with a $46 / sq.feet value followed by "Commercial Property" with an average price of $12 / sq.feet.