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 April, the average price per sq.feet was $2.2. In the following month the price per sq.feet rose considerably to $3.39. The price for the following two months in (June, July) had a considerable rise of 347 %. The price per sq.feet has had a considerable fall of 28 % 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 $6.25 to $1.78 during August, and September.
When referring to the price in Delray Beach (cities), this has fallen in the last 6 months. The average price for April is $2,046. During May the price had a slight fall till $1,938. In the following two months the average price has hardly changed with regard to the previous two months from $1,992 to $1,922. 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 $1,957 and $1,943 between August and September.
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 $1,893 they are 20 % more affordable than the average price for Delray Beach . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,195.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.3 / sq.feet, with an average $1.77 / sq.feet price in Delray Beach. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.6 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,893 it is 7 % more affordable than the average price in Delray Beach. "Villa" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,311 it is 46 % 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 $1.45 / sq.feet followed by "Apartment" priced at $1.51 / sq.feet. "Townhouse" is the most expensive type of property with a $67.78 / sq.feet value followed by "Villa" with an average price of $27 / sq.feet.