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 May, the average price per sq.feet was $2.28. The following month (June) the price had a considerable rise reaching $2.78 per sq.feet. In the following two months (July, August) the rent price per sq.feet has increased notably to a 117 %. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.feet of $2.74 to $2.83 during September and October.
When referring to the price in California(region), this has risen considerably in the last 6 months. In the first month sample May the average price is $2,270. In June the price remains at $2,322. The average price for the following two months (July, August) rose from $2,296 to $2,565. During the last two months the price has had a considerable rise of 119 % with respect to the previous four months going from $2,430.5 a $2,889.
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 31 % cheaper than the average price in California followed by those with 2 with an average price of $2,844. The most expensive properties have 4 bedrooms. They are 83 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,968.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $2.33 / sq.feet being $2.85 / sq.feet the average for California. The properties with the highest average price are those with 1 bedroom. These are 15 % more expensive than the average followed by those with 2 bedrooms with a price of $2.68 / 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 $3,051 it is 26 % cheaper than the average in California. This is followed by "Apartment" with a cost of $2,463. The most expensive property type is "Townhouse" and is 18 % more costly than the average, followed by "Land" with a cost of $3,401.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $2.46 / sq.feet, followed by "Villa" with a price of $2.64 / sq.feet. "Townhouse" with an average price of $38.2 / sq.feet is the most expensive type of property followed by "Apartment" at a price of $26.98 / sq.feet.