The rent prices in real estate in South Gate, 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 South Gate has had a strong fall during the last 6 months. In July, the average price per sq.feet was $33. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (September, October) had a considerable rise of 150 %. The price per sq.feet has risen 113 % 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 $21.25 to $24 during November, and December.
When referring to the price in South Gate (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,505. In August This price remains at $1,473. During the following two months (September, October) the price has had an average rise from $1,489 to $1,566.5. 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 $1,527.75 and $1,553 between November and December.
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 $1,463 they are 16 % more affordable than the average price for South Gate . The properties with the highest average price have 2 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,485.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 23 % more affordable than the average price of ($23 / sq.feet) in South Gate. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 23 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,463 it is 2 % more expensive than the average price in South Gate. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $1,485 it is 9 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $23 / sq.feet. "House" with an average price of $23 / sq.feet has the most affordable price and would be directed at less affluent cities.