The rent prices in real estate in Boynton Beach, 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 Boynton Beach has risen strongly during the last 6 months. In September, the average price per sq.feet was $6.55. In the following month the price per sq.feet rose to $7.2. The price for the following two months in (November, December) had a considerable rise of 138 %. The price per sq.feet has had a considerable fall of 76 % 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 $8.19 to $6.25 during January, and February.
When referring to the price in Boynton Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,985. In October This price remains at $2,985. During the following two months (November, December) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $3,225.25 to $2,870.5 in January and February.
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 $2,852 they are 27 % more affordable than the average price for Boynton Beach . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,324.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.74 / sq.feet, with an average $6.45 / sq.feet price in Boynton Beach. The properties with the most affordable average prices have 4 bedrooms. They are 63 % more affordable than the average followed by properties with 1 bedroom with a price at $2.27 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $2,852 it is 18 % more affordable than the average price in Boynton Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Apartment". At a price of $4,454 it is 60 % 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 $1.48 / sq.feet followed by "Villa" priced at $2.5 / sq.feet. "Apartment" is the most expensive type of property with a $25.1 / sq.feet value followed by "Townhouse" with an average price of $20.82 / sq.feet.