The rent prices in real estate in Islamorada, 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 Islamorada has risen strongly during the last 6 months. In April, the average price per sq.feet was $130. In May this price barely changed remaining at $130 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 153 %. The price per sq.feet has had a considerable fall of 70 % 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 $164.75 to $114.74 during August, and September.
When referring to the price in Islamorada (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $3,844. In May This price remains at $3,844. In the following two months the average price has hardly changed with regard to the previous two months from $3,844 to $3,861. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 123 % 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 $5,349 they are 28 % more affordable than the average price for Islamorada . The properties with the lowest average price have 2 bedrooms, Their price is 23 % more affordable than the average. After that we have properties with 1 bedroom priced at $3,840.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $129 / sq.feet, with an average $5.47 / sq.feet price in Islamorada. The properties with the most expensive average prices have 2 bedrooms. They are 4178 % more expensive than the average followed by properties with 1 bedroom with a price at $129 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,349 it is 38 % more affordable than the average price in Islamorada. "Land" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $4,061 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $224 / sq.feet followed by "House" priced at $234 / sq.feet. "House" is the most expensive type of property with a $234 / sq.feet value followed by "Land" with an average price of $224 / sq.feet.