The rent prices in real estate in Thousand Palms, 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 Thousand Palms has had a strong fall during the last 6 months. In March, the average price per sq.feet was $2.46. In April this price barely changed remaining at $2.38 per sq.feet. The price for the following two months in (May, June) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $2.23 to during July, and August.
When referring to the price in Thousand Palms (cities), this has fallen considerably in the last 6 months. The average price for March is $10,024. During April the price had a considerable fall till $6,057. During the following two months (May, June) the average price had a considerable fall of 51 % 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 $6,072.75 to $3,935.5, which means a 65 % 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 $4,380 they are 71 % more affordable than the average price for Thousand Palms . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,315.
According to average price per property type in Thousand Palms, "" priced at $3,088 is 29 % lower than the average price ($4,380) in this city.