The rent prices in real estate in Fort Lauderdale, 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 Fort Lauderdale has risen strongly during the last 6 months. In August, the average price per sq.feet was $3.52. In the following month the price per sq.feet rose considerably to $8.89. The price for the following two months in (October, November) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable rise of 122 % 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 $5.63 to $6.87 during December, and January.
When referring to the price in Fort Lauderdale (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $4,151. In September This price remains at $4,332. During the following two months (October, November) the average price fell 92 % 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 108 % 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 $4,013 they are 37 % more affordable than the average price for Fort Lauderdale . The properties with the highest average price have 4 bedrooms, Their price is 162 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,646.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.88 / sq.feet, with an average $5.11 / sq.feet price in Fort Lauderdale. The properties with the most affordable average prices have 4 bedrooms. They are 21 % more affordable than the average followed by properties with 1 bedroom with a price at $3.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $4,013 it is 66 % more affordable than the average price in Fort Lauderdale. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $7,075 it is 87 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.84 / sq.feet followed by "Condo" priced at $3.09 / sq.feet. "Villa" is the most expensive type of property with a $39.45 / sq.feet value followed by "Townhouse" with an average price of $25.11 / sq.feet.