The rent prices in real estate in South Gate, 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 Gate has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.32. In the following month the price per sq.feet fell to $2.14. The price for the following two months in (January, February) had a considerable rise of 614 %. The price per sq.feet has risen 108 % 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 $7.97 to $8.6 during March, and April.
When referring to the price in South Gate (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,700. In December This price remains at $1,764. In the following two months the average price has hardly changed with regard to the previous two months from $1,732 to $1,666.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,055 they are 29 % more affordable than the average price for South Gate . The properties with the lowest average price have 2 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,673.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $2.75 / sq.feet, with an average $2.44 / sq.feet price in South Gate. The properties with the most expensive average prices have 3 bedrooms. They are 392 % more expensive than the average followed by properties with 1 bedroom with a price at $2.75 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,055 it is 29 % more affordable than the average price in South Gate. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $1,463 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $7 / sq.feet followed by "House" priced at $12 / sq.feet. "House" is the most expensive type of property with a $12 / sq.feet value followed by "Commercial" with an average price of $7 / sq.feet.