The average rent price in the California region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in California has risen considerably in the last 6 months. During October, the average price per sq.feet was $2.85. The following month (November) the price rose to $3.12 per sq.feet. The following two months (December, January) went through a rise of 105 % in the rent price per sq.feet rising from $2.98 to $3.14 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 315 %. This has been obtained by comparing the price of $3.07 for the first four months of the sample with regard to the previous 4 months and the price of $9.66 per sq.feet for the last two months (February, March).
When referring to the price in California (region), this has fallen in the last 6 months. October has an average price of $3,051. During Novemberthe price had a slight fall till $2,847. In the following two months the average price practically remained the same compared to the previous two going from $2,949 to $3,067. During the last two months the price has gone down 89 % compared to the previous average values going from $3,008 a $2,667 in February y March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 17 % cheaper than the average price in California followed by those with 2 with an average price of $2,698. The most expensive properties have 4 bedrooms. They are 51 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,137.
Based on the average price per sq.feet those properties with 2 bedrooms are the most expensive ones with a price of $4.27 / sq.feet being $3.03 / sq.feet the average for California. The properties with the highest average price are those with 1 bedroom. These are 264 % more expensive than the average followed by those with 4 bedrooms with a price of $6.1 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $2,595 it is 14 % cheaper than the average in California. This is followed by "Villa" with a cost of $2,334. The most expensive property type is "Townhouse" and is 37 % more costly than the average, followed by "Land" with a cost of $3,314.
Based upon the average cost per sq.feet the most affordable property type is "Duplex with a an average price of $2.82 / sq.feet, followed by "Condo" with a price of $2.86 / sq.feet. "Land" with an average price of $153.22 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $131.68 / sq.feet.