The rent prices in real estate in Vallejo, 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 Vallejo has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.94. In October this price barely changed remaining at $2.03 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 116 %. The price per sq.feet has risen 107 % 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 $2.14 to $2.29 during January, and February.
When referring to the price in Vallejo (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $1,912. In October This price remains at $1,832. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. 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 $1,797.5 and $1,755.5 between January and February.
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 $1,878 they are 24 % more affordable than the average price for Vallejo . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,287.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.38 / sq.feet, with an average $1.96 / sq.feet price in Vallejo. The properties with the most expensive average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,878 it is 13 % more affordable than the average price in Vallejo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Duplex". At a price of $1,931 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.44 / sq.feet followed by "Condo" priced at $14 / sq.feet. "Duplex" is the most expensive type of property with a $47 / sq.feet value followed by "Townhouse" with an average price of $34 / sq.feet.