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 December, the average price per sq.feet was $2.36. In January this price barely changed remaining at $2.33 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 270 %. The price per sq.feet has had a considerable rise of 130 % 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 $4.33 to $5.63 during April, and May.
When referring to the price in Fort Lauderdale (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $2,350. In January This price remains at $2,324. During the following two months (February, March) the price has had an average rise from $2,337 to $2,499. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 $3,048 they are 34 % more affordable than the average price for Fort Lauderdale . The properties with the highest average price have 4 bedrooms, Their price is 90 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,898.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.3 / sq.feet, with an average $5.71 / sq.feet price in Fort Lauderdale. The properties with the most affordable average prices have 4 bedrooms. They are 49 % more affordable than the average followed by properties with 1 bedroom with a price at $2.63 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,048 it is 38 % more affordable than the average price in Fort Lauderdale. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Duplex". At a price of $4,217 it is 260 % 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 $2.07 / sq.feet followed by "House" priced at $2.28 / sq.feet. "Villa" is the most expensive type of property with a $42.69 / sq.feet value followed by "Apartment" with an average price of $37 / sq.feet.