The rent prices in real estate in Boca Raton, in the Florida 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 Boca Raton has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.1. In December this price barely changed remaining at $2.01 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.06 to $2.14 per sq.feet. The price per sq.feet has had a considerable rise of 266 % 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 $2.1 to $5.59 during March, and April.
When referring to the price in Boca Raton (cities), there have hardly been any changes in the last 6 months. The rent price in November is $2,485, rising in December till $2,646. During the following two months (January, February) the average price fell 91 % 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 $2,451.5 and $2,452 between March and April.
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 $2,698 they are 29 % more affordable than the average price for Boca Raton . The properties with the highest average price have 4 bedrooms, Their price is 100 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,370.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.02 / sq.feet, with an average $5.45 / sq.feet price in Boca Raton. The properties with the most affordable average prices have 1 bedroom. They are 54 % more affordable than the average followed by properties with 4 bedrooms with a price at $2.47 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,698 it is 25 % more affordable than the average price in Boca Raton. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Villa". At a price of $3,048 it is 154 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $2.38 / sq.feet followed by "House" priced at $2.45 / sq.feet. "Townhouse" is the most expensive type of property with a $30.94 / sq.feet value followed by "Villa" with an average price of $7.07 / sq.feet.