The rent prices in real estate in South El Monte, 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 South El Monte has risen strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $53. The price for the following two months in (May, June) had a considerable rise of 187 %. The price per sq.feet has had a considerable fall of 61 % 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 $38 to $23 during July, and August.
When referring to the price in South El Monte (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $1,410. During the following two months (May, June) the average price had a considerable rise of 213 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 167 % 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 $1,998 they are 43 % more affordable than the average price for South El Monte . The properties with the lowest average price have 2 bedrooms, Their price is 16 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,145.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1850 % more expensive than the average price of ($39 / sq.feet) in South El Monte. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1850 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,998 it is 30 % more affordable than the average price in South El Monte. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Farm" followed by "Apartment". At a price of $1,688 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Farm" at an average price of $9 / sq.feet followed by "Apartment" priced at $39 / sq.feet. "Duplex" is the most expensive type of property with a $46 / sq.feet value followed by "Apartment" with an average price of $39 / sq.feet.