When it comes to finding a place to rent, understanding the average prices and the distribution can provide potential renters with a clearer idea of what to expect. Let’s dive into some of the recent statistics on 1 to 3-bedroom rentals in the Campus Commons Neighborhood of Sacramento, CA, based on data from M&M Properties.
Key Findings:
- Sample Size: The data was gathered from 11 different rental listings seen over the last 12 months.
- Average Rental Price: Renters in this area can expect an average rental price of $2,557.
- Median Rental Price: The median, or middle value, stands at $2,450.
- Price Range: Prices span from a minimum of $1,226 up to a maximum of $3,751.
- Rent Distribution: Most properties are priced around the $1,732 to $2,744 range, with fewer options available at both the higher and lower ends of the spectrum.
Percentiles:
- The 25th percentile (or the lower quartile) price is $2,084, meaning 25% of the rentals are below this price.
- The 75th percentile (or the upper quartile) is at $3,030, indicating 75% of the rentals are below this figure.
- The range from the 25th to the 75th percentile (the interquartile range) is from $2,084 to $3,030. This gives potential renters a good idea of the middle 50% of prices they can expect in the area
