The rent prices in real estate in Delray 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 Delray Beach has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.17. In the following month the price per sq.feet fell to $1.94. In the following two months the price per sq.feet has practically remained the same, going from $2.06 to $2.09 per sq.feet. The price per sq.feet has had a considerable rise of 589 % 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 $2.07 to $12.19 during March, and April.
When referring to the price in Delray Beach (cities), there have hardly been any changes in the last 6 months. The average price for November is $2,551. During December the price had a considerable fall till $2,088. In the following two months the average price has hardly changed with regard to the previous two months from $2,319.5 to $2,372.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 134 % 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 $3,031 they are 38 % more affordable than the average price for Delray Beach . The properties with the highest average price have 4 bedrooms, Their price is 226 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,629.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.86 / sq.feet, with an average $5.65 / sq.feet price in Delray Beach. The properties with the most affordable average prices have 4 bedrooms. They are 40 % more affordable than the average followed by properties with 1 bedroom with a price at $2.39 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $3,031 it is 1 % more affordable than the average price in Delray Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Condo". At a price of $3,564 it is 132 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.32 / sq.feet followed by "House" priced at $2.44 / sq.feet. "Villa" is the most expensive type of property with a $39.35 / sq.feet value followed by "Duplex" with an average price of $6 / sq.feet.