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 September, the average price per sq.feet was $4.92. In the following month the price per sq.feet rose considerably to $7.83. In the following two months the price per sq.feet has practically remained the same, going from $6.38 to $6.26 per sq.feet. The price per sq.feet has risen 112 % 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 $6.32 to $7.05 during January, and February.
When referring to the price in Boca Raton (cities), there have hardly been any changes in the last 6 months. The rent price in September is $3,936, rising in October till $4,207. During the following two months (November, December) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 112 % during the last two months.
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 $4,564 they are 48 % more affordable than the average price for Boca Raton . The properties with the highest average price have 4 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,473.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.62 / sq.feet, with an average $6.93 / sq.feet price in Boca Raton. The properties with the most affordable average prices have 1 bedroom. They are 53 % more affordable than the average followed by properties with 4 bedrooms with a price at $2.88 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,564 it is 39 % more affordable than the average price in Boca Raton. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $5,300 it is 63 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.86 / sq.feet followed by "Apartment" priced at $3.13 / sq.feet. "Villa" is the most expensive type of property with a $31.31 / sq.feet value followed by "Townhouse" with an average price of $24.52 / sq.feet.