The rent prices in real estate in Fort Pierce, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Fort Pierce has had a strong fall during the last 6 months. In March, the average price per sq.feet was $6.32. In the following month the price per sq.feet fell considerably to $1.3. The price for the following two months in (May, June) had a considerable fall of 29 with regard to the previous two months. The price per sq.feet has had a considerable fall of 50 % 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 $2.46 to $1.23 during July, and August.
When referring to the price in Fort Pierce (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,525. In April This price remains at $1,524. In the following two months the average price has hardly changed with regard to the previous two months from $1,524.5 to $1,457. 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 $1,490.75 and $1,523.5 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,551 they are 3 % more affordable than the average price for Fort Pierce . The properties with the highest average price have 3 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,805.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.16 / sq.feet, with an average $1.26 / sq.feet price in Fort Pierce. The properties with the most expensive average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.25 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,551 it is 26 % more affordable than the average price in Fort Pierce. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,708 it is 87 % 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 $1.14 / sq.feet followed by "House" priced at $1.44 / sq.feet. "Townhouse" is the most expensive type of property with a $21 / sq.feet value followed by "House" with an average price of $1.44 / sq.feet.