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 September, the average price per sq.feet was $4.94. In the following month the price per sq.feet rose considerably to $8.46. The price for the following two months in (November, December) had a considerable rise of 145 %. The price per sq.feet has risen 114 % 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 $8.22 to $9.4 during January, and February.
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 September, the average price is $2,890. In October This price remains at $2,774. In the following two months the average price has hardly changed with regard to the previous two months from $2,832 to $2,897. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $2,864.5 to $2,720 in January and February.
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 $2,791 they are 28 % more affordable than the average price for Hialeah . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,194.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.78 / sq.feet, with an average $10.27 / sq.feet price in Hialeah. The properties with the most affordable average prices have 1 bedroom. They are 77 % more affordable than the average followed by properties with 4 bedrooms with a price at $1.95 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,791 it is 17 % 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 "Land". At a price of $3,389 it is 36 % 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 $1.34 / sq.feet followed by "Land" priced at $2 / sq.feet. "Villa" is the most expensive type of property with a $24.35 / sq.feet value followed by "Townhouse" with an average price of $22.9 / sq.feet.