The rent prices in real estate in Homestead, 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 Homestead has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.15. In the following month the price per sq.feet rose considerably to $5.18. The price for the following two months in (July, August) had a considerable rise of 241 %. The price per sq.feet has had a considerable fall of 27 % 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 $5.39 to $1.46 during September, and October.
When referring to the price in Homestead (cities), this has risen considerably in the last 6 months. The average price during our first sample month during May, is $1,626. During June the price went through a considerable rise reaching $1,976. During the following two months (July, August) the price has had an average rise from $1,801 to $1,967. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,884 to $1,766.5 in September and October.
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 $1,743 they are 36 % more affordable than the average price for Homestead . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,713.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.42 / sq.feet price in Homestead. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.38 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,743 it is 28 % more affordable than the average price in Homestead. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $1,762 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.16 / sq.feet followed by "Townhouse" priced at $1.34 / sq.feet. "Duplex" is the most expensive type of property with a $28 / sq.feet value followed by "Villa" with an average price of $19.36 / sq.feet.