The rent prices in real estate in Hialeah, 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 Hialeah has risen strongly during the last 6 months. In March, the average price per sq.feet was $3.99. In April this price barely changed remaining at $3.91 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 126 %. The price per sq.feet has had a considerable rise of 189 % 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 $4.47 to $8.44 during July, and August.
When referring to the price in Hialeah (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $2,974. In April This price remains at $2,837. In the following two months the average price has hardly changed with regard to the previous two months from $2,905.5 to $2,782.5. 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 $2,844 and $2,953 between July and August.
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 $2,936 they are 33 % more affordable than the average price for Hialeah . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,191.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $8.27 / sq.feet price in Hialeah. The properties with the most affordable average prices have 1 bedroom. They are 68 % more affordable than the average followed by properties with 4 bedrooms with a price at $2.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,936 it is 23 % more affordable than the average price in Hialeah. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Detached House". At a price of $3,393 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.92 / sq.feet followed by "Detached House" priced at $2.16 / sq.feet. "Villa" is the most expensive type of property with a $23.94 / sq.feet value followed by "Townhouse" with an average price of $23.39 / sq.feet.