The rent prices in real estate in South Lake Tahoe, 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 South Lake Tahoe has risen during the last 6 months. In December, the average price per sq.feet was $1.96. In the following month the price per sq.feet rose to $2.16. In the following two months the price per sq.feet has practically remained the same, going from $2.06 to $2.16 per sq.feet. 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 $2.11 to $2.38 during April, and May.
When referring to the price in South Lake Tahoe (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $1,981. During January the price went through a considerable rise reaching $2,651. In the following two months the average price has hardly changed with regard to the previous two months from $2,316 to $2,255. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $2,862 they are 51 % more affordable than the average price for South Lake Tahoe . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,545.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.28 / sq.feet, with an average $2.33 / sq.feet price in South Lake Tahoe. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.48 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,862 it is 59 % more affordable than the average price in South Lake Tahoe. "Duplex" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $1,796 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Duplex" priced at $8 / sq.feet. "Commercial" is the most expensive type of property with a $13 / sq.feet value followed by "Duplex" with an average price of $8 / sq.feet.